3 bedroom commercial development for sale

Great Bridge, Tipton, West Midlands, DY4

1,285 sq. ft. | £160,000

Property Description

Commercial information

  • 1,285 sq ft (119 sq m)

Key features

  • New six year lease.
  • Passing rent 12,000 per annum.
  • 3 Bedroom first floor flat
  • Excellent investment opportunity.

Full description

DESCRIPTION
Shop:
The property consists of a ground floor glass fronted retail shop with a gross
internal sales area of approximately 610 sq.ft (56.7 sq.m). The property benefits from a large basement area of approximately 675 sq.ft (62.7 sq.m), currently being utilised as a storage area, which has the added advantage of access to a small rear yard area providing for rear access to the property (ideal for deliveries.)

Flat:
To the 1st floor of the property there is an apartment which benefits from 3 large bedrooms. The flat briefly comprises of a large lounge area, kitchen, and a bathroom with shower facilities.

TENANCIES
We are advised that the following tenancy is in place across the whole property:

A new 6 Year Lease at a passing rent of 12,000 per annum, subject to rent reviews at the 3rd anniversary. There is a tenant only option to break at the end of year 3.

TENURE
We are advised that the property is freehold. Any prospective purchaser should satisfy themselves to this regard.

LOCATION
The property is in the centre of Great Bridge which is in the Metropolitan Borough of Sandwell. The property occupies a prominent position on the main Great Bridge Road amongst a variety of supporting retailers.

The Great Bridge Road is accessed off the Great Western Way (A461), connecting to the Black Country New Road, with the M5 being approximately 2 miles to the east. Wolverhampton is approximately 4 miles to the north-east, with West Bromwich approximately 1 mile to the south-east.

The property lies in the heart of Great Bridge within a busy shopping area close to other retailers such as, Wilkinson, The Post Office, Barclay's Bank and The West Bromwich Building Society. The property also lies opposite a large free Town Centre car park.

More information from this agent

Nearest stations

  • Dudley Port (0.8 mi)
  • Black Lake (0.9 mi)
  • Swan Lane (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Dudley Port (0.8 mi)
  • Black Lake (0.9 mi)
  • Swan Lane (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference Great_bridge_DY4_7EW. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bond Wolfe, West Bromwich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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