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Attractive retail investment producing £13,250 pa.

For sale: £179,500.00|74 Sq M|Retail, Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£179,500.00
SIZE74 Sq M
ADDRESS606 Bearwood Road, Smethwick, West Midlands, B66 4BW
TYPERetail, Other, Other Property Types & Opportunities
TENUREFor Sale Leasehold
POSTED ON27th November 2020

DESCRIPTION

The property comprises a mid-terrace retail unit of 797 sq ft let to Tamu Brum Ltd by way of a 5 year FRI lease at an annual rental of £13,250. The tenant company has provided a rent deposit equivalent to 3 months’ rental. The premises forms part of a busy shopping parade. It 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 premises are held on a 250 year long leasehold interest at a ground rental of £100 pa



LOCATION

Location: 606 Bearwood Road, Smethwick, West Midlands, B66 4BW

Smethwick Rolfe Street (1.7 miles)

Smethwick Galton Bridge (2.1 miles)

Langley Green (2.1 miles)

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