About this property
The property comprises a single storey steel portal framed building with eaves from 4.2m floor to ceiling rising to 6.81m. The unit is of brick and block construction to approximately 2.5m with corrugated cladding above.
The unit was previous occupied by a pharmacy until the end of July 2018, however this could be utilised for multiple uses including retail, fast food, gym operator, subject to planning.
We have been advised that the current rating assessment is: Rateable value : £ 47,000
We recommend that interested parties should make their own enquiries with the local authority.
The property is available by way of assignment of the existing lease on full repairing and insuring terms for a period expiring 6th February 2031 with a passing rent of £48,000 per annum. Although a new lease may be permissible, subject to consent.
Rent Review – End of the fifteenth and twentieth years of the ease period. Break Clause – End of Fifteenth and Twentieth years of the Lease period – Subject to 6 months Notice.
The property is located less than a mile north-west of West Bromwich Town Centre in popular local centre known as Carters Green. Carters Green connects to the main High Street, which links directly to the Town Centre. It also connects with the main A41 Black Country Spine Road/Expressway a short distance to the north. The latter forms part of a very busy and important road network, connecting to Junction 1 of the M5 Motorway, about two miles to the east.
There are multiple retailers within a close vicinity of the premises including Office Depot, Crawshaws Butchers, Post Office and Lidl supermarket.
Available upon request.
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful tenant.
- Prominent location at the end of West Bromwich High Street
- Ground Floor Retail Area - 5,937 Sq. Ft. Approximately
- Mezzaine Storage area – 215 sq ft
- Suitable for alternative uses (subject to consent).