View Photos

47 High Street, Brownhills

Offers in the Region of £130,000

About this property

DESCRIPTION
The property is a mid-terraced lockup shop with first floor storage.
There is a to the rear a service yard with tenant car parking.
SITUATION
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.
TENANCY
The property is let to star coffee shop. The property is held on a 15 year lease from 3/11/2009, with a rent re-view due on 3/11/2019.
The lease expiry date is 2/11/2024.
TENURE
Freehold., subject to the existing tenancy.

LOCATION
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.
PRICE
£130,000. A purchase at this level represents a gross yield of 8.84% based on a current income of £11,500 per annum.
FINANCE
Finance is available on this property ( subject to status, terms and conditions). For more information, call 0121 525 0600, email info@bondwolfefinance.com, or visit www.bondwolfefinance.com
MONEY LAUNDERING
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.

Key Features

  • Freehold retail investment opportunity for sale.
  • Prominent High Street Location.
  • Let to long standing, well established tenant.
  • Producing £11,500 per annum on a 15 year lease from 3/11/2009.
  • Approx. 6.5 years unexpired.
  • Freehold offers in the region of £130,000 representing a gross yield of 8.84%
  • Approximately 877 sq.ft.

Next Steps