Wickes 1151 Stratford Road, Hall Green, Birmingham, B28 8BX

£ 445,500 pa / 26,017 sq ft
Wickes, Birmingham - Picture 2024-04-12-10-03-14
Wickes, Birmingham - Picture 2024-04-12-10-03-48
Use Class

Use Class




26,017 sq ft

Rent pa

Rent pa


Prime, well secured retail warehouse investment

The subject property comprises a purpose-built retail warehouse extending to approximately 26,017 sq ft, inclusive of approximately 1,178 sq ft of first floor accommodation. The property is of steel portal frame construction with an attractive part brick, part steel cladded façade.

There is an outdoor project centre situated to the rear of the unit extending to approximately 4,800 sq ft. Access and egress is two-way off of Stratford Road and there is dedicated service access, also directly off Stratford Road, leading to a large secure service yard. The property benefits from approximately 119 customer car parking spaces providing a good average ratio of 1:219 sq ft.

The property has recently been re-fitted in accordance with Wickes’ latest specification including a glazed return frontage showcasing their kitchen and bathroom range as well as a Click & Collect desk to complement their omni-channel offer.

  • Prime retail warehouse investment located in England’s 2nd City.

  • Situated in a highly visible and prominent position on Stratford Road (A34), a key arterial route between Birmingham and the M42.

  • Fully let to the ‘Covid resilient’ tenant of Wickes Building Supplies Ltd

  • ‘Right-sized’ unit with a total gross internal floor area of approximately 26,017 sq ft and 119 demised customer car parking spaces (1:219 sq ft).

  • Securely let for a further 6.4 years.

  • Passing rent of £445,500 pa (equating to a comparatively low £17.12 per sq ft).

  • Tenant is committed to the location having been in occupation since 1996 and re-gearing the lease in 2017.

  • Strong trading profile.

  • Low site coverage of 22.5%.

  • Extensive catchment population.

  • Asset management potential to develop drive-thru unit, subject to consent.

  • Freehold

Hall Green is a busy and thriving residential suburb situated to the south east of Birmingham, between the city centre and Solihull. The property occupies a very prominent position directly opposite Hall Green train station on Stratford Road (A34), that forms one of the key arterial routes connecting the south Birmingham conurbation with Solihull and the M42 motorway with over 16,600 average daily car movements past the property. The property is surrounded by a critical mass of residential housing, whilst along Stratford Road are a mix of commercial uses, with nearby occupiers including Waitrose, Aldi, KwikFit, Tesco, KFC, Greggs and Domino’s.


26,017 Sq.Ft

Wickes Building Supplies Limited provide an excellent covenant with an Experian Credit Report rating of 100, representing a ‘Very Low Risk’ of business failure. Wickes is an established occupier within the UK DIY sector having opened its first store in the UK in 1972 and has now become the UK’s fastest growing DIY retailer trading from 241 stores. In February 2005 Wickes was acquired by Travis Perkins, which is a leading company in the builders’ merchanting and home improvement markets. In July 2019, Travis Perkins plc announced their intention to de-merge their infrastructure from Wickes and since this announcement Wickes has invested heavily in its ability to perform as a standalone company, making significant investments in their digital infrastructure and online presence. The streamlining of their business helped Wickes react positively to the Covid-19 pandemic with it being one of the standout performers within the Travis Perkins Group during this time. Wickes has performed strongly over the past 12 months delivering like-for-like sales growth of 18.3% in Q3 2020 driven by continued strong performance across the domestic RMI (Repair, Maintenance, Improvements) market. For the full year of 2019, like-for-like sales growth was 8.7% and total sales grew by 7.7%. Wickes’ operating profit also increased by 26% in 2019. We set out below a summary of Wickes’ last 3 years Turnover, Pre-Tax Profit and Net Worth.

Ground Floor
First Floor



The current passing rent is £445,500 pa equating to a comparatively low £17.12 per sq ft.


Offers sought in excess of £5,570,000 (Five Million, Five Hundred and Seventy Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive Net Initial Yield of 7.50%, assuming purchaser’s costs calculated at 6.61%.


The catchment population covers a vast area with the subject property sitting within the south Birmingham conurbation comprising an estimated 447,000 residents, whilst the Hall Green shopping population comprises an estimated 120,000 (ONS 2019 Population Estimates). Birmingham is set to see significantly above average growth in population over the period to 2028 and 2038 with the Hall Green area set to benefit considerably from this.


Energy Performance Certificate


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All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 12/04/2024