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Current Sales

Please view our current properties below. A downladable PDF is available by following the link where applicable.

Warwick House, 737 Warwick Road, Solihull, B91 3DG

The property comprises a prime multi-let office building in the heart of Solihull town centre.  The property has excellent road prominence, adjacent to Mell Square Shopping Centre and direct frontage onto Warwick Road, the main arterial route into Solihull from junction 5 of M42.  The building extends to 15,498 sq.ft and is arranged over ground and four upper floors, with the benefit of 60 car parking spaces (excellent ratio of 1:258 sq.ft).  Two first floor suites are currently vacant.  The WAULT to expiry is 1.7 years.  The total passing rent is £268,415 per annum reflecting an average rent of £17.32 per sq.ft.  50% of the income is secured to Legal & General Home Finance Ltd.  The property has good longer term residential potential.  Offers sought for the freehold interest in excess of £3,200,000 which reflects an attractive net initial yield of 7.88%.

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Northampton House, 1-3 High Street & 53-55 Poplar Road, Solihull, B91 3AP

The property is located in Solihull town centre opposite the Poplar Arcade entrance into Touchwood on the corner of High Street and Poplar Road.  The property comprises a ground floor convenience store with separate upper floor offices.  The convenience store is let to Tesco Stores Ltd on a new 20 year lease, 10 year tenant break option, with 5 yearly upward only reviews to RPI, collared at 0% and capped at 2.5% per annum compounded.  The WAULT across the property is 8 years to break and 16.6 years to expiries.  The average rent on the office accommodation is low at £12.47 per sq.ft.  The total rent is £189,532 per annum.  Offers sought in excess of £2,740,000 which reflects a net initial yield of 6.50%.

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Link House, Halesfield 6, Telford, TF7 4LN

The property is located on Telford’s established Halesfield Industrial Estate, 3.5 miles from J4 & 5 of M54 Motorway.  The property comprises a 2.5 bay detached warehouse with separate two storey detached office building on a prominent site at the corner of Halesfield 1 and Halesfield 7.  The property extends to a total floor area of 134,012 sq.ft on a site of 5.92 acres with dual loading on the northern and southern elevations.  Let to Whittan Industrial Ltd on a full repairing and insuring lease expiring 16 July 2027, providing in excess of 7.35 years unexpired.  The current rent is £664,788 per annum (£4.95 per sq.ft) with a fixed increase at rent review to £770,672 per annum in July 2022.  The property is held virtual freehold for a term of 999 years from July 2002 on a peppercorn rent.  Offers sought in excess of £6,560,000 (Six Million Five Hundred and Sixty Thousand Pounds) which reflects a net initial yield of 9.50%, a low capital value of £48.95 per sq.ft, and a reversionary yield of 11.02% following the fixed increase in July 2022.

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2C & D, Wake Green Road, Moseley, Birmingham, B13 9EZ

The property comprises a prime neighbourhood retail investment located in the heart of the affluent Birmingham suburb of Moseley.  Located on Wake Green ROad 250m from the centre of Moseley and less than three miles from Birmingham city centre.  Two end terrace retail units with three residential apartments.  The retail units trade as Chemycare Pharmacy and Carter’s of Moseley, a renowned Michelin starred restaurant.  Long let with a WAULT of over 18.5 years to lease expiries with the three apartments let on ASTs.  Total passing rent of £73,200 per annum with the Chemycare Pharmacy subject to five yearly RPI rent reviews.  Freehold.  Offers sought in excess of £1,060,000 which reflects a net initial yield of 6.53%.  Consideration will also be given to a sale of the retail units only.

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Pentagon Vauxhall, Peugeot & Renault, Belton Road, Loughborough, LE11 1NE

The property is located in Loughborough, an affluent university town in Leicestershire, situated 11 miles north of Leicester and 16 miles south of Nottingham.  The property comprises a modern car dealership investment in Loughborough’s prime car showroom and commercial location fronting onto A6004 Belton Road, with over 17,400 vehicles passing the property daily.  Occupiers along Belton Road include Mercedes, VW, Ford, Kia and Toyota dealerships as well as Aldi, B&Q, Wickes, Toolstation & Home Bargains.  The property extends to 15,277 sq.ft on a site of 1.42 acres and is let to the strong covenant of Motus Group (UK) Ltd for a term of 15 years expiring in September 2034 with a break option in September 2029, providing an unexpired term of 9.75 years.  Total passing rent of £165,000 per annum, reflecting a low overall rent of £10.80 per sq.ft.  Offers sought in excess of £2,215,000 which reflects a net initial yield of 7.01%.

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Travelodge Plus Hotel, Gallows Hill, Leamington Spa, CV34 6SP

under offer

The property is prominently located on Gallows Hill, adjacent to the A452, the principal route from junctions 13 & 14 of M40 to the town centres of Leamington Spa and Warwick.  Leamington Spa town centre is 2.5 miles to the north east.  The development comprises a new 99 bed Travelodge Plus Hotel on a site of 0.40 hectares (1.00 acre).  The hotel is to be let to Travelodge Hotels Ltd for 30 years from completion with an option to renew for a further 25 years.  Commencing rent of £573,606 per annum which reflects £5,794 per room.  Rent is reviewed 5 yearly upwards only to compounded RPI collared at 1% and capped at 4% per annum.  Travelodge Hotels Ltd operated over 540 hotels in the UK & Ireland with a D&B rating of 5A1.  Practical completion anticipated in May 2021.  Offers sought for the freehold interest in excess of £11,316,000 (Eleven Million Three Hundred and Sixteen Thousand Pounds) which reflects a net initial yield of 4.75%, assuming purchaser’s costs of 6.71%.

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Apex Park, Worcester, WR4 9FN

exchanged

The property is located on Apex Park in the prime out of town office location in Worcester, adjacent to Junction 6 of M5 and 4 miles north east of Worcester city centre.  The park benefits from excellent amenities with a Premier Inn, Tesco Express, Busy Bees Nursery, Greggs and a Beefeater Restaurant all within close proximity.  The scheme provides four detached office buildings constructed in 2008 to a Grade A specification and extending to 28.857 sq.ft.  The property is fully let to tenants including West Mercia Homes Ltd, Jelf Ltd, Lioncourt Homes Ltd and Arrow Business Communications with a WAULT of 6.50 years to break and 7.55 years to expiry.  Total passing rent of £458,948 per annum, reflecting a low average rent of £15.25 per sq.ft.  Reversionary potential with the latest letting completed at £16.27 per sq.ft providing future asset management opportunities.  Offers sought in excess of £6,375,000 which reflects a net initial yield of 6.75% and a reversionary yield of 7.26% based off ERV.

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Budget Greeting Cards Ltd, Unit 8 Centurion Business Park, Dabell Avenue, Nottingham, NG6 8WA

under offer

The property is located just over 2 miles north east of Junction 26 of M1 with easy access to Nottingham city centre.  Situated on Dabell Avenue, part of the Blenheim Industrial Area.  The property comprises a high specification detached modern warehouse extending to 40,468 sq.ft which was extensively refurbished earlier this year.  Let to Budget Greeting Cards Ltd, with a guarantee from Budget Trading Ltd, until 3 April 2029, with a tenant’s only break on expiry of the 5th year (4.5 years unexpired).  Current rent £212,500 per annum (£5.25 per sq.ft).  Offers sought in excess of £3,070,000 which reflects a net initial yield of 6.50% and a low capital value of £75.88 per sq.ft.

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