112 / 113 COVENTRY STREET, KIDDERMINSTER, DY10 2BH

Key Features

• Current Income - £42,600 per annum
• For Sale - Offers in the region of £375,000. A purchase at this level reflects a NIY of 10.92% assuming purchaser’s costs of 4.00%. 
• Multi let office / retail investment opportunity
• Asset management opportunities available 
• Suitable for other uses (STP) 
• Rare Freehold opportunity

Location 

The premises are situated in the centre of Kidderminster overlooking the corner of Coventry Street and Blackwell Street. Nearby is the Blackwell Street multi-storey car park and the larger open surfaced car-parks on Bromsgrove Street. 

Description

The property comprises 2 ground floor retail units let to 2 separate occupiers with 5 offices suites above. The office suites are let to 2 separate occupiers with 1 suite currently vacant. 

Accommodation

112 Coventry Street                            804 sq ft  

113 Coventry Street                            260 sq ft

Office Suite A                                     472 sq ft 

Office Suite B                                     572 sq ft

Office Suite C                                       96 sq ft 

Office Suite D                                   1,136 sq ft

Office Suite E                                       91 sq ft

Total NIA                                      3,431 sq ft

For Sale

Offers in the region of £375,000. A purchase at this level reflects a NIY of 10.92% assuming purchaser’s costs of 4.00%. 

Tenure

Freehold. 

Tenancies

A copy of the tenancy schedule is attached to the brochure below. 

VAT

The premises is not elected for VAT.

Energy Performance Certificate

Please contact the agent for further details. 

Legal Costs 

Each party shall be responsible for their own legal costs incurred in the letting.