Property overview

The Crystal Centre Retail Park, Platts Road, Stourbridge, DY8 4AJ

sold

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£2,250,000
May 2018

Franck-Steier Price has recently completed the sale of a terrace of well located retail warehouse units situated on the corner of Platts Road and Audnam Road (A491), Stourbridge on behalf of Custodian REIT.

The property is let to five occupiers including Tesco, Halfords, Bathstore, Pizza Hut and KFC (not in occupation) with a WAULT of 3.8 years and a total rent per annum of £213,422 per annum.

The property was acquired by a Kindale, represented by CBRE for £2,250,000 which reflects a net initial yield of 8.92%.