62 High Street, Stourbridge, DY8 1DX

Key Features

• For Sale - Offers in Excess of £370,000
• Prime retail investment opportunity
• Let to Greggs Plc on a 10 year lease from July 2025
• Long leasehold
• Undoubted Covenant

Location 

Stourbridge is a historic market town situated in the Metropolitan Borough of Dudley in the West Midlands. 

The town is well connected by major roads including the A491 and A458 providing access to nearby towns and cities. The A491 connects Stourbridge to Wolverhampton to the northwest and Bromsgrove to the southeast, while the A458 leads to Bridgnorth and Stourport- on-Severn to the west. The M5 motorway is also easily accessible, providing convenient travel to Birmingham and other areas in the West Midlands. 

Stourbridge is served by two railway stations: Stourbridge Junction and Stourbridge Town. Stourbridge Junction is the main station, offering connections to Birmingham (26 minutes), Kidderminster (10 minutes), and Worcester (35 minutes). 

For air travel, Birmingham airport is approximately 25 miles to the east, serving as a major hub for various domestic and international flights. 

Description

The property comprises a high street retail unit featuring ground floor sales with rear ancillary space. The building is of a brick construction and has a modern fully glazed store front providing a clear view into the shop. 

Accommodation 

NIA                2,270 SQ FT             210.9 SQ M

ITZA                965 SQ FT               89.7 SQ  M

Tenancy 

The property is let to Greggs Plc on a 10 year lease from 22/07/2025 expiring on 09/11/2035. There is a tenant break option on 22/07/2030 subject to 6 months’ notice. 

The rent is £31,000 per annum subject to review on 22/07/2030 on an upward only basis.  

Proposal

We are instructed to seek offers in excess of £370,000 (Three Hundred and Seventy Thousand Pounds), subject to contract & exclusive of VAT. 

A purchase at this level reflects a net initial yield of 8.06% assuming standard purchaser’s costs. 

Tenure

Long Leasehold. 

V.A.T.

The property is VAT registered. VAT will therefore be applied to the purchase price.