HALESOWEN
MUCKLOW HILL, B62 8BW
Project Overview
Refurbishment of a garage and kitchen showroom to form a new Tesco Express convenience store, vets , retail unit, and lockers together with 40 on-site parking spaces.
Investment Highlights
Prominently located on the roundabout junction of Mucklow Hill and Long Lane in a densely populated residential area.
Refurbished convenience store extending to approximately 4,700 sq. ft (436.6m2) with 40 on-site car parking spaces.
Let to Tesco Stores Limited, Harrison Vets, Indigo Sun, Zest ECO, InPost and Royal Mail lockers .
Tesco Stores Limited turnover of £50.84 billion for the year ending February 2025, up from £49.25 billion in February 2024.
Benefit of a new, unbroken 15-year FRI lease to Tesco Stores Limited.
Rent commencement: September 2026.
Total initial combined rental income of £232,600 per annum.
Tesco Stores Ltd - £120,000
Harrisons Vets - £65,000
Indigo Sun - £40,000
Zest Eco - £5,000
InPost Lockers - £1,600
Royal Mail Lockers - £1,000
Price £3,363,000
Start on Site July 2026
Yield 6.5% (after 6.41% costs)
Anticipated Completion Date November 2026