About this property
The property is an end terrace lock up shop with first floor storage. The property benefits from aluminium shop front and an open floor plate.
There is a rear service yard with tenant car parking.
The property is situated in a prime location on the busy High Street being close to other retailers such as Shoe Zone, Greggs, Post Office, Card Factory, Aldi, Wilkos, Tesco, and Thomas Cook. Directly opposite the property is Ravens Court Centre where there are re-development proposals to create two 8,000 sq. ft. units, one of which we understand is under offer to Poundworld and will further strengthen this busy suburban location.
The property is currently let to Cancer Research UK for a term of 10 years from 12/05/2017 at a passing rent of £11,100 per annum.
There is a rent review due on 12/05/2022.
Brownhills is a busy West Midlands town with a population of approximately 18,000 and has a large catchment area being situated approximately 18 miles north of Birmingham City Centre, 5 miles north east of Walsall and 5 miles south east of Cannock.
Brownhills benefits from excellent road communications, being situated close to the junction of the A452 and the A461 connecting with junction 5 of the M6 motorway 10 miles to the south, and adjacent to the M6 toll road immediately to the north. There are good rail links with fast and frequent services into Birmingham New Street with a journey time of approximately 20 minutes.
Freehold, subject to the existing tenancy.
£160,000. A purchase at this level represents a gross yield of 6.93% based on a current income of £11,100 per annum.
Finance is available on this property ( subject to status, terms and conditions). For more information, call 0121 525 0600, email email@example.com, or visit www.bondwolfefinance.com
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.
- Freehold retail investment opportunity for sale.
- Let to Cancer Research UK.
- Prominent High Street Location.
- 10 year FRI lease from 12/5/17 (approx. 9 years unexpired)
- Producing £11,100 per annum.
- Rent review in 2022.
- Freehold offers in the region of £160,000 representing a gross yield of 6.93%.
- Approximately 1,422 sq.ft.