About this property
An opportunity to acquire the freehold of this two storey property, of brick built construction under a pitched tiled roof. We have been advised that the total net floor area is 721 sq. ft we recommend interested parties confirm with their own measurements. The property has secure roller shutter doors and glazed frontage with door leading to shop floor, stairs rise to the first floor storage area.
The property is currently let to a local fashion shop operator producing £7,280 per annum. The tenant has been in occupation for 13 years and trades as a female clothing, jewellery and cosmetics shop.
We have been advised that the current rating assessment is:
Rateable value: £3,650
We recommend that interested parties should make their own enquiries with the local authority.
Available upon request.
LOCATION AND SITUATION
Cradley Heath is a small town located approximately 8 miles west of Birmingham in the south of the Sandwell metropolitan borough. Having excellent transport links with the M5 and M6 motorways approximately 5 miles away. Dudley Town Centre lies 3.8 miles north, Halesowen lies 2.3 miles to the south east and the large Merry Hill indoor shopping centre is 2.5 miles to the west.
Cradley Heath provides direct bus services to the towns of Dudley, Stourbridge, Halesowen, Blackheath, Oldbury, Quarry Bank, Brierley Hill, West Bromwich & the City of Birmingham. The Rail station located alongside the bus station forms the Cradley interchange and sits on the Birmingham to Worcester line with regular services between the two.
Cradley Heath high street is marked by two road junctions Five Ways at the West End and Four Ways at the East End. The subject property is situated at the East End which runs parallel to the new bypass and is directly opposite the large Tesco Extra Superstore other nearby occupiers include, Iceland, JD Wetherspoon, Lloyds & an array of other independent businesses.
Offers over £75,000 are sought for the freehold interest, subject to contract.
All prices and figures are quoted exclusive of any VAT that may be applicable.
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful Purchaser.
- Prominent High Street Location Opposite Tesco Superstore.
- Freehold retail investment.
- Ground floor shop with First Floor Storage Area.
- Let to to a local fashion shop operator.
- Producing £7,280 pax.
- Freehold - offers over £75,000.