FREEHOLD COMMERCIAL INVESTMENT
Guide price: £110,000 - £120,000
Location & Description
A terraced property arranged as an A5 take-away shop with a self-contained first floor flat, accessed via Poplar Road. Within a busy local retail parade on the east side of Bearwood Road which serves the wider residential area.
Located approximately 3 miles west of Birmingham city centre and 1 mile south of Smethwick town centre whilst the A456 which links with junction 3 of the M5 and Birmingham city centre is about 100m to the south.
Retail/kitchen area: 323 sq ft (30 sq m)
First Floor: 2 rooms 243 sq ft (22.6 sq m)
Entire property is let on a 20 year repairing and insuring lease from November 2012 at a stepped rent currently £10,000 p.a. rising in November 2016 to £11,000 p.a. with a tenant break option in December 2017 but subject to a £5,000 rise.
EQUIVALENT TO £10,000 p.a. RISING TO £11,000 p.a. IN NOVEMBER 2016
Sold for £110,000.
Bulleys Chartered Surveyors Tel: 01902 713333