Solihull Photo

Solihull: 51/61 High Street

October 2021
Solihull Photo
  • 100% prime retail parade investment
  • Passing Rent: £320,000 per annum
  • Price: £2,750,000
  • Net Initial Yield: 10.93%

Fawcett Mead are pleased to have advised GBRE Investment Management on the disposal of 51/61 High Street, Solihull.

The prime freehold asset is let to Poundland, TUI UK Retail, Robert Dyas and Gadget 4UK, generating a total annual income of £320,000 per annum.

With a WAULT to expiry of under 1 year, the property offers a number of asset management opportunities.

Jonathan Mills commented "We were delighted to sell this prime retail parade for CBRE Investment Management. With a relatively short income profile, there is plenty of scope for future asset management."

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