1, High Street, Kidderminster, DY10 2DJ

£1,400,000 based on

Overview

Retail
Property Type

Description

Location

Location:

Kidderminster is a historic market town located 17 miles south west of Birmingham and 15 miles north of Worcester. Kidderminster is the largest town in North Worcestershire, located on the River Stour some 15 miles south west of Birmingham City Centre and three miles east of the Wyre Forest National Nature Reserve. It is home to an affluent population of circa 55,000 and benefits from a wider primary retail catchment of circa 85,000 with an annual comparison spend of £230 million.
Kidderminster Railway Station provides regular services to Birmingham and vehicular access is via the M5 and M42. Junction 4 of the M5 motorway is approximately 10 miles East and Junction 4a of the M42 motorway is approximately 12 miles South East.
The A456 dual carriageway connects Kidderminster to the national motorway network via Junction 3 of the M5, which in turn links with the M42/M40 (to London and the South East), the M6 (to Manchester/Liverpool and the North West) and the M42/M1 (to Leeds and the North East). There are frequent train services into Birmingham City Centre with a fastest journey time of 39 minutes, and from there connections to London in 1 hour 23 minutes.
Birmingham and East Midlands Airports are just 46 minutes and 1 hour 16 minutes drivetime from Kidderminster respectively.

Description:

The property comprises a former department store arranged over ground, first and second floors built in the early 1970s of concrete frame construction with full height, glazing on all retail frontages. The property consists of a ground floor retail unit with substantial upper floors. The property fronts the high street and also has a loading door accessed from Crown Lane, to the rear. The property has been split with the majority occupied by BHF and the remainder operated as a restaurant/takeaway

Summary

Key points

Majority let to British Heart Foundation on new unbroken 5 year lease. (4 years 11 months approx. unexpired)
PRICE £1,540,000
Total property income £117,000 per annum