Top Bell | Belmont Rd
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Top Bell Belmont Rd
4,938 SF Retail Building Stourbridge DY9 8AS $1,233,319 ($250/SF) 5.90% Cap Rate
Investment Highlights
- Former public house which has been converted to a convenience store
- Brick built with mixed fenestration
- Two storey building
Executive Summary
Freehold subject to the individual occupational leases.
The property is let on an overriding lease of the whole (save for one car parking space) to Tesco Stores Ltd for a term of 15 years from 10 June 2024 to 2039, with a tenant only break at year 10, at a commencing rent of £60,000 per annum. The lease is subject to 5 yearly upward only rent reviews capped at 12.5% of passing rent.
The property is let on an overriding lease of the whole (save for one car parking space) to Tesco Stores Ltd for a term of 15 years from 10 June 2024 to 2039, with a tenant only break at year 10, at a commencing rent of £60,000 per annum. The lease is subject to 5 yearly upward only rent reviews capped at 12.5% of passing rent.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Convenience Store
Building Size
4,938 SF
Building Class
B
Year Built
1953
Price
$1,233,319
Price Per SF
$250
Cap Rate
5.90%
NOI
$72,815
Tenancy
Single
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.28 AC
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Top Bell | Belmont Rd
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