Home » Property Search » Auctions » 11/07/16 » 639 Bearwood Road, Smethwick, West Midlands, B66 4BL

Lot 30 - 639 Bearwood Road, Smethwick, West Midlands, B66 4BL

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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.

Accommodation

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

EPC Rating

On application

Result

Sold for £110,000.

Joint Agent

 Bulleys Chartered Surveyors Tel: 01902 713333

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