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Attractive Retail Investment Producing £15,000 pa

For sale: £175,000.00|69.35 Sq M|Other, Retail, Other Property Types & Opportunities

Property details

FOR SALE£175,000.00
SIZE69.35 Sq M
ADDRESS608 Bearwood Road, Smethwick, B66 4BW
TYPEOther, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON27th October 2020

Description

The property comprises a mid-terrace retail unit that forms part of a busy shopping parade. The property is let to Craft Inn Ltd by way of a 5 year FRI lease at an annual rental of £15,000. The tenant company has provided a rent deposit equivalent to 3 months’ rent and a break option has not been agreed. The property fronts onto Bearwood Road, lies close to the junction with Hagley Road and forms part of the busy Bearwood Shopping Centre. Bearwood is an established district shopping location where numerous local covenant businesses operate, along with national occupiers including Iceland, Poundland, Aldi and Argos. The property is available by way of a new 999 year virtual freehold with a peppercorn rental.

Location

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Location: 608 Bearwood Road, Smethwick, B66 4BW

Smethwick Rolfe Street (1.7 miles)

Smethwick Galton Bridge (2.1 miles)

Langley Green (2.1 miles)

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