Shop for sale

Freehold Shop & Retail Investment at 255 Highters Heath Lane, Maypole, Birmingham, West Midlands, B14 4NX

Offers in Excess of 1,593 sq. ft. | £250,000

Property Description

Commercial information

  • 1,593 sq ft (147 sq m)

Key features

  • Forms part of an established parade in densely populated Birmingham suburb
  • Let until 2027 (no breaks) , Rent Review 2018

Full description

ADDRESS: 255 Highters Heath Lane, Maypole, Birmingham, West Midlands, B14 4NX
• Forms part of an established parade in densely populated Birmingham suburb • Let until 2027 (no breaks) , Rent Review 2018
LOCATION
Birmingham is the administrative centre of the West Midlands serving a population of some 1 million, and is located at the heart of the national motorway network. The M6 and M5 motorways are both within 4 miles of the city centre, giving access to London, the North West and the South West of England. Maypole is a densely populated suburb of Birmingham, located approximately six miles south of the city centre.
SITUATION:
The property is located within a predominantly residential area on the west side of Highters Heath Lane, and forms part of an established parade of shops comprising a number of local traders, including takeaways, cafés and convenience stores
DESCRIPTION
The property is arranged on ground and one upper floor to provide a ground floor chip shop with self-contained residential accommodation arranged over part ground and the first floor. Externally and to the front, the property benefits from parking.
ACCOMMODATION:
The property provides the following accommodation and dimensions:
Gross Frontage 6.70 m (21' 11"), Net Frontage 5.70 m (18' 8"), Shop Depth 16.75 m (54' 11"), Built Depth 24.10 m (79' 1"), Ground floor shop 1593 Sq. Ft.
Part Ground and First Floor - 3 Rooms, Kitchen and Bathroom
TENANCY:
The entire property is at present let to JASKARAN RANDHAWA and BALJIT KAUR (t/a Golden Plaice Fish Bar) for a term of 21 years from 11th May 2006 at a current rent of £15,000 per annum. The lease provides for rent reviews every 3rd year of the term and contains full repairing and insuring covenants
RENT: £15,000 p.a. TENURE: Freehold VAT: Not Applicable
PRICE: Offers in excess of £250, 000 - 6% Net


More information from this agent

Nearest stations

  • Shirley (1.4 mi)
  • Whitlock's End (1.5 mi)
  • Yardley Wood (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

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Floorplans

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To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 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

  • Shirley (1.4 mi)
  • Whitlock's End (1.5 mi)
  • Yardley Wood (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 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.

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