1 Middlemore Road, Northfield, Birmingham B31 3UD
£203.25 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
861 sq ft
80 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Description
Gross Initial Yield: 5.09%
Rental Income: £8,900 p.a.
VAT is NOT applicable to this property
Comprises ground floor retail shop and residential flat above (sold-off)
Property benefits from outdoor space at front suitable for retail/parking use and advertising board on the side wall, currently let to an advertising company
Situated within 2 min walk from Northfield Train Station and nearby occupiers including Post Office, Convenience Store, Texaco Filling Station and more.
Property Description:
Comprises ground floor retail premises t/a Boots pharmacy with residential flat above which has been sold-off on long leasehold. The property provides the following accommodation and dimensions:
Ground Floor: 80 sq m (861 sq ft)
Open plan retail, Ancillary, Kitchenette, WC
First/Second Floor: Residential Flat (sold-off)
Tenancy:
The retail shop is at present let to Boots UK Limited for a term years expiring 9th May 2027 at a current rent of £8,900 p.a. and the lease contains full repairing and insuring covenants. Tenant in occupation since 2011.
Flat No.1A has been sold off on long leasehold for a term of 99 years from 25th March 2000 at a ground rent of £150. Reversion March 2099 (75 years unexpired).
The advertising board is currently let at £150 p.a.
Location:
Northfield is a residential area in outer south Birmingham, England, and near the boundary with Worcestershire, which it was historically within. The property is situated within 2 min walk from Northfield Train Station and nearby occupiers including Post Office, Convenience Store, Texaco Filling Station and more.
Brochures
1 Middlemore Road, Northfield, Birmingham B31 3UD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Northfield Station0.1 miles
- Longbridge Station1.1 miles
- Kings Norton Station1.2 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
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