Fully Let Retail Parade in Halesowen Town Centre for Sale with Bond Wolfe for £1.295 Million

We have been instructed to sell a prime, fully let retail parade in the heart of Halesowen town centre, with offers invited from £1,295,000. The freehold investment opportunity at 49-63 High Street comprises eight retail units and an advertising hoarding, currently generating a total rental income of £114,000 per annum.

James Mattin, Managing Director at Bond Wolfe, commented:

“We are delighted to bring to market this fully let and unbroken retail parade in such a strong and prominent location, directly opposite St John the Baptist Church and at the entrance to the town’s main pedestrianised shopping area.

The parade enjoys consistently high occupancy levels, with a diverse tenant mix and significant asset management potential through the conversion of upper floors to residential, as seen with one property already successfully converted.

We are seeking offers based on £1,295,000, which would reflect a very attractive net initial yield of 8.31%.”

Investment Highlights

• Eight ground-floor retail units with additional first-floor accommodation accessed from the rear

• Total internal floor area of 9,773 sq ft

• Rear access road and advertising hoarding producing an additional £2,000 per annum

• Previous planning consent for first-floor residential conversion, with current consent for two dwellings at 51-53 High Street

• Each retail unit let at £14,000 per annum

Prime Location in a Thriving Town Centre

Halesowen is located approximately seven miles west of Birmingham city centre and benefits from excellent transport links via the A456 and A458, providing quick access to Junction 3 of the M5 motorway, just two miles away.

The property sits on the east side of High Street, between its junctions with Church Street and the pedestrianised High Street, home to occupiers such as Wetherspoons, Halifax, and Boots, along with many independent traders.

It is also only 200 metres from Cornbow Shopping Centre, which features national retailers including Poundland, Specsavers, Greggs, Costa Coffee, and Holland & Barrett.

Enquiries

Potential purchasers interested in this high-yielding retail investment are invited to contact James Mattin by emailing [email protected] or calling 0121 525 0600.

For further information, click here