Retail Property (high street) for sale

High Street, WS8

Under Offer £130,000
877 sq. ft.

Property Description

Commercial information

  • 877 sq ft (81 sq m)

Key features

  • Freehold retail investment opportunity for sale.
  • Prominent High Street Location.
  • Let to long standing, well established tenant.
  • Producing 11,500 per annum on a 15 year lease from 3/11/2009.
  • Approx. 6.5 years unexpired.
  • Freehold offers in the region of 130,000 representing a gross yield of 8.84%
  • Approximately 877 sq.ft.

Full description

Tenure: Freehold

DESCRIPTION
The property is a mid-terraced lockup shop with first floor storage.
There is a to the rear a service yard with tenant car parking.

SITUATION
The property is situated in a prime location on the busy High Street being close to other retailers such as Shoe Zone, Greggs, Post Office, Card Factory, Aldi, Wilkos, Tesco, and Thomas Cook. Directly opposite the property is Ravens Court Centre where there are re-development proposals to create two 8,000 sq. ft. units, one of which we understand is under offer to Poundworld and will further strengthen this busy suburban location.

TENANCY
The property is let to star coffee shop. The property is held on a 15 year lease from 3/11/2009, with a rent re-view due on 3/11/2019.
The lease expiry date is 2/11/2024.

TENURE
Freehold., subject to the existing tenancy.

LOCATION
Brownhills is a busy West Midlands town with a population of approximately 18,000 and has a large catchment area being situated approximately 18 miles north of Birmingham City Centre, 5 miles north east of Walsall and 5 miles south east of Cannock.
Brownhills benefits from excellent road communications, being situated close to the junction of the A452 and the A461 connecting with junction 5 of the M6 motorway 10 miles to the south, and adjacent to the M6 toll road immediately to the north. There are good rail links with fast and frequent services into Birmingham New Street with a journey time of approximately 20 minutes.

PRICE
£130,000. A purchase at this level represents a gross yield of 8.84% based on a current income of £11,500 per annum.

FINANCE
Finance is available on this property ( subject to status, terms and conditions). For more information, call 0121 525 0600, email info@bondwolfefinance.com, or visit www.bondwolfefinance.com

MONEY LAUNDERING
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful Purchaser.


More information from this agent

Nearest stations

  • Shenstone (3.7 mi)
  • Landywood (3.8 mi)
  • Bloxwich (3.9 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

  • Shenstone (3.7 mi)
  • Landywood (3.8 mi)
  • Bloxwich (3.9 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 47_High_Street_Brownhills_Walsall. 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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