Tannery Retail Park, Lombard Street, Stourport-on-Severn DY13 8EY
exchanged
High Yielding Retail Park Investment – Tannery Retail Park, located in Stourport-on-Severn town centre.
Former Co-op supermarket, sub divided and refurbished during 2025 into a multi let retail scheme.
The retail park extends to a total of 28,801 sq ft of retail accommodation. The overall site extends to 2.10 acres.
145 space customer car park with ANPR cameras.
Fully let to four tenants including B&M Retail (60% of income).
There are four effective FRI leases with a WAULT of 10.16 years to expiries and 4.76 years to breaks.
Total income £306,120 per annum (includes envisaged annual revenue from car park).
Asset management opportunities to increase revenue further.
We are instructed to seek offers in excess of £3,200,000 (Three Million Two Hundred Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price would reflect a net initial yield of 9.00%.
There is a guaranteed reversion from fixed rental increases which will improve the running yield to 9.15% and if parcel locker and EV charging initiatives are also pursued the running yield could be 9.75% by the fixed 2028 rental increases.
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