71 High Street, Stourbridge

Description

A vacant freehold spacious retail unit with upper floors and standing within a prime town centre location, considered suitable for a variety of alternative uses, subject to obtaining any necessary planning consents. The property is a former Specsavers, mid-terraced retail unit, with a large well-presented open-plan retail area on the ground floor, seven former consultancy rooms, a first-floor landing, staff room/kitchen and two rooms, and a second-floor landing and two further rooms.

Accommodation

Ground Floor: 1,861 sq ft (172.9 sq m). First Floor: 570 sq ft (53 sq m). Second Floor: 213 sq ft (19.8 sq m). Total approximately 2,644 sq ft (245.7 sq m).

Location

The property occupies a highly prominent high street position within the heart of Stourbridge town centre's retail core. Nearby retailers include B&M Bargains, Greggs, Santander, Soffio Lounge, HSBC, Boots and Iceland, together with independent boutiques, coffee shops, takeaways, restaurants and pubs.

Tenure / Property Information

Investment Analysis

The supplied completed sales provide broad Stourbridge High Street evidence of £195,000, £300,000 and £340,000 for individual properties, plus a £2,555,192 sale for a larger multi-property transaction. These are not sufficiently specific to establish a formal valuation for this 2,644 sq ft former Specsavers unit. An indicative scenario range of £195,000–£340,000 is used, with £300,000 as a provisional base GDV only.

Investment Snapshot

Strategy Recommendation

Proceed only after legal, planning, commercial demand, condition and valuation due diligence. The evidence supports considering owner-occupation or commercial investment, but not underwriting rental income or a flip at this stage.

Works Required

No specific defects or refurbishment requirements are evidenced. The unit is described as well-presented on the ground floor with existing consultancy rooms and ancillary accommodation. Any reconfiguration or change of use would be subject to obtaining necessary planning consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £170,000 guide and the known £2,700 administration charge, the analysed acquisition cost is £172,700 before any unprovided taxes, finance, legal or other costs. At the provisional £300,000 base GDV, 75% refinance is £225,000, implying £52,300 more than the analysed cost before finance, tax and other omitted costs. This is highly indicative because GDV, works and commercial refinancing terms are unverified.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate has been supplied. The property is commercial, so commercial lease demand, achievable rent, voids and operating costs would need to be verified.

Flip Analysis

The provisional base GDV is £300,000, based only on broad same-high-street completed sales. No refurbishment allowance or supported selling-cost allowance is available, so a reliable flip surplus cannot be calculated. The indicative gross spread before omitted costs is £127,300 against the guide plus known administration charge, but this is not a net profit estimate.

Investor Risks & Due Diligence

• Same-high-street sold comparables are not sufficiently specific to confirm the property's market value.

• No achievable rent or commercial lease evidence is supplied, preventing yield analysis.

• Alternative uses and any reconfiguration are subject to necessary planning consents.

• Condition details are limited, so refurbishment and compliance costs are unknown.

• The £2,700 administration charge is included, but stamp duty, legal, finance, tax and other completion costs are not provided.

• Commercial refinancing terms and loan-to-value availability are unverified.

Recommendation

Proceed only after legal, planning, commercial demand, condition and valuation due diligence. The evidence supports considering owner-occupation or commercial investment, but not underwriting rental income or a flip at this stage.

Strategy Rating

Analysis Confidence

The property description, accommodation, tenure, guide and several same-high-street completed sales are supplied, but there is no specific rental evidence, refurbishment budget, detailed condition report, planning confirmation, formal valuation or selling-cost evidence.