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53 High Street, Brownhills, Walsall WS8 6HH

2,481 sq. ft.
Offers in the Region of £240,000

About this property

DESCRIPTION
The property is a mid-terraced, double fronted lockup 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.
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.
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.

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.
TENANCY
The property is let to The Salvation Army Trading Company Ltd. The property is held on a 10 year lease from 10/01/2012, expiring on 09/01/2022.
TENURE
Freehold, subject to the existing tenancy.
PRICE
£240,000 is sought for the freehold interest. A purchase at this level represents a net initial yield of 8.13% based on a current income of £20,000 per annum.

Key Features

  • Freehold retail investment opportunity for sale.
  • Approximately 2,481 sq. ft.
  • Let to The Salvation Army Trading Company Ltd.
  • Prominent High Street Location.
  • 10 year FRI lease from 10/01/2012.
  • Producing £20,000 per annum.
  • Freehold offers in the region of £240,000 representing a net initial yield of 8.13%.

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