A private client is offering the freehold interest in Dunelm Kidderminster
A private client of Staunton Whiteman is offering the freehold interest in the Dunelm in Kidderminster for £1.983 million reflecting a net initial yield of 8.5%.
The property is located on the edge of Kidderminster town centre, with strong prominence to The Ringway dual carriageway. It is situated adjacent to Morrisons and Aldi supermarkets, with a Tesco just 200 yards away.
The property comprises a store of 40,585 sq ft with 273 car parking spaces, fully let to Dunelm (Soft Furnishings) Ltd to 22nd December 2023, for a rent of just £4.44 psf. There is an opportunity to extend the term to give 8.7 years unexpired.
