588 Bearwood Road, Smethwick
£118.68 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
969 sq ft
90 sq m
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Let to an Established Local Tenant
- Lease Expires 30.09.2025
- Asset Management Potential Via Renewal
- 2023 Break Option Not Exercised
- 969 sq ft (92 sq m)
- Established High Footfall Location
- Investment Let at £15,000 p.a. (13.04% GIY on Guide Price)
Description
Arranged as a ground floor retail unit, the property is let to Bear Bookshop limited on a five year lease expiring 30.09.2025 and paying £15,000 per annum.
The property offers evident asset management potential via renewal of the lease and improvement of rents.
The property occupies a prominent pitch fronting the high footfall Bearwood Road. The street comprises the principal retail amenity for the area and is characterised by a mix of local and national retailers including Costa, Iceland and Aldi.
Brochures
588 Bearwood Road, Smethwick
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Smethwick Galton Bridge Tram Stop1.4 miles
- Smethwick Rolfe Street Station1.6 miles
- University Station2.1 miles
Notes
Disclaimer - Property reference C9966DBB-7767-416A-B34C-9ABFC51479F7. 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 Savills, Savills, Auctions. 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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