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69 Dudley Street, West Bromwich

About this property

The property is a single storey, brick built stand alone unit with 21 car parking spaces. Internally the property offers open plan retail space with suspended ceilings with recessed lighting and air conditioning.

 

LOCATION

West Bromwich, with a population of 146,000, is a retail and commercial town is located some five miles to the north-west of Birmingham and forms part of the West Midlands conurbation. The town has undergone massive regeneration is now home to 4 major shopping centres including the Astle Retail Park vibrant New Square, a multi-million showcase development. A long-standing market also features within the town with regular vintage and continental markets.

The property is situated on the A41 Black Country New road and is accessed via the Albion roundabout. Enjoying a premier location in West Bromwich, situated close to the motorway at Junction 1 of the M5 with swift and easy road, rail and bus links to the UK’s second city, Birmingham.

 

TENANCY

The property is let in its entirety to The Salvation Army Trading Company, (a registered charity) on a 10 year FRI lease from June 2016.

The passing rent is £37,500 per annum with a rent review at the fifth anniversary.

 

COVENANT INFORMATION

The Salvation Army Trading Company are a registered national charity (number 02605817), who reported an annual turnover of £44.109 million for the year end 31st March 2015.

Key Features

  • Let to national charity on a ten year FRI lease.
  • Producing £37,500 per annum.
  • 3,768 sq. ft.
  • On site dedicated car parking.
  • Freehold - Offers over £550,000 representing a NIY of 6.50% after deducting purchaser costs of 4.89%

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