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Why Not Inn 55 The Ridgeway

4,852 SF Retail Building Astwood Bank B96 6LU $754,042 ($155/SF) 9% Cap Rate

Retail Space Worcestershire Redditch 55 The Ridgeway, Astwood Bank, WOR B96 6LU

Investment Highlights

  • Retail Investment Opportunity
  • Current rent of £56,000 per annum
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases
  • Entire property let to Why Not Management Limited until September 2028
  • The Property arranged over ground and first floors on a large 0.85 acre site

Executive Summary

The freehold of this retail investment opportunity is available for the asking price of £590,000 providing a yield of 9%.

Attachments

Why Not Inn

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
4,852 SF
Building Class
B
Year Built
1830
Price
$754,042
Price Per SF
$155
Cap Rate
9%
NOI
$67,864
Tenancy
Single
Building Height
2 Stories
Building FAR
0.13
Lot Size
0.85 AC
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+44 161 236 8644

Contacts

  • Listing ID: 31660618

  • Date on Market: 5/1/2024

  • Last Updated:

  • Address: 55 The Ridgeway, Astwood Bank B96 6LU

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Why Not Inn | 55 The Ridgeway
+44 161 236 8644 x

Why Not Inn | 55 The Ridgeway

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Jeff Wraith

+44 161 236 8644

+44 161 236 8644

James Faulkner

+44 161 236 8644

+44 161 236 8644

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