Summary - UNIT 1, 1, HIGH STREET DY10 2DJ
1 bed 1 bath Retail Property (high street)
Large multi-storey retail building with immediate income and redevelopment potential.
Majority let to British Heart Foundation on a new unbroken 5-year lease (≈4y11m left)
Gross income £117,000 pa; guide price £1,540,000 (≈7.6% gross yield)
Substantial building: circa 17,592 sq ft over ground and upper floors
Prominent pedestrianised high‑street corner with full-height glazed frontage
Rear loading door off Crown Lane; suitable for retail or conversion subject to planning
Area classified very deprived; local crime levels are high — consider security costs
Parts likely require internal refurbishment; condition and services need survey
Tenure not specified; purchaser must verify legal title and rights
A substantial freehold high-street retail building in Kidderminster, mostly let to the British Heart Foundation on a new unbroken five-year lease (approximately 4 years 11 months unexpired). The current contracted income is £117,000 per annum, offering an immediate income stream against a guide price of £1,540,000 (approximately 7.6% gross income yield). The property occupies a prominent town-centre corner with full-height glazed frontage and loading access from Crown Lane.
The building is large (circa 17,592 sq ft) and arranged over ground and upper floors, offering scope for continued retail use or alternative uses subject to planning and refurbishment. The remainder of the ground floor operates as a restaurant/takeaway, and upper floors could be repurposed for ancillary or income-generating uses pending survey and planning consent. The pedestrianised high street location benefits from strong footfall generators and good transport links to Birmingham and the wider motorway network.
Buyers should note material considerations: the immediate area is classified as very deprived with high crime levels, which can affect tenant mix and long-term rental growth. The property needs inspection to confirm internal condition, services, and suitability for conversion; parts may require refurbishment. Tenure is not specified and should be verified as part of due diligence. Broadband speeds are average but mobile signal is excellent; flood risk is recorded as none.
This asset suits investors seeking an income-producing town-centre purchase with redevelopment upside, or an owner-occupier willing to invest in refurbishment and planning. The secure short-term income from a national charity provides cover while alternative uses or lease renewals are explored.
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