Syndicate Type: Income
Asset Type: Retail
Property Address: The Crystal Retail Centre, Platts Road, Stourbridge
Tenant: Bathstore, Pizza Hut (UK), KFC, Halfords & Tesco Stores (Ltd)
AVG Lease Expiry: 15/12/2020
AVG Years Remaining: 7 years
Passing rent: £207,752
Estimate Rental Value: £206,052
The property occupies a prominent position fronting the A491 at its junction with Platts Road, approximately 1 mile north of Stourbridge town centre. Its proximity to Birmingham has helped to establish Stourbridge as a popular commuter town not least because the town is served by two railway stations which provide access to the national rail network.
The property comprises a modern retail development consisting of an industrial style L-shaped building of steel frame construction with part metal profile clad and glazed elevations beneath a profile metal clad roof.
Internally, the property has been subdivided to provide five, self-contained retail units with a shared loading bay to the rear. Four of the retail units have ground floor access whilst the fifth unit provides first floor retail space.