Harper Bros Portfolio, Investment Opportunity, Walsall, Cannock, Solihull,
Offers in Excess of  £2,400,000

  • Opportunity to acquire a fully income producing predominantly retail portfolio with properties located in strong retail centres in the West Midlands
  • The properties are let to a variety of regional and local businesses with an average unexpired term of 6.25 years
  • Total income of £200,555 per annum
  • Our Client is seeking offers in excess of £2,400,000 subject to contract

Investment Summary

1 – 9 ANCHOR ROAD, ALDRIDGE, WALSALL, WS9 8PT

  •  3 retail units extending to 1,523 sqft and car lot in prominent position
  •  4 Tenants on FRI leases
  •  Long term occupiers and successful local businesses
  •  Producing £36,250 per annum

 

166 – 172 STAFFORD ROAD, CANNOCK, WS11 4AH

  •  Workshop, forecourt yard and house extending to 6,821 sqft fronting main arterial road
  •  Residential redevelopment opportunity
  •  Long term Tenant with FRI lease and mutual floating break option to allow for redevelopment
  •  Producing £27,500 per annum

 

250- 264A STRATFORD ROAD, SHIRLEY, SOLIHILL, B90 3AE

  •  4 retail units, flat and advertising hoarding extending to 10,253 sqft located on a busy local shopping thoroughfare
  •  6 tenants with commercial leases being of FRI terms
  •  Long term occupiers and successful operators locally
  •  Producing £136,805 per annum

 Our client is seeking offers in excess of £2,400,000, subject to contract for the portfolio interest as a whole which reflects a net yield of 7.85% assuming purchasers cost of 6.4%

 

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