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588 Bearwood Road, Birmingham, B66

£145,000

£149.64 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

969 sq ft

90 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: Class E

E

Key features

  • Rental Income: £15,000 p.a.
  • Gross Initial Yield: 10.34%
  • Comprises mid-terrace ground floor shop t/a Book Store
  • VAT is applicable to this property

Description

Investment Consideration:
Gross Initial Yield: 10.34%
Rental Income: £15,000 p.a.
VAT is applicable to this property
Comprises mid-terrace ground floor shop t/a Book Store
Situated in the town centre, on the west side of Bearwood Road, in between Anderson Road and Adkins Lane, with occupiers close by including Aldi, Holland & Barrett, Costa Coffee, Peacocks, Costa Coffee, Iceland and the Bearwood Shopping Centre.

Property Description:
Comprises mid-terrace ground floor shop providing the following accommodation and dimensions:
Ground Floor: 92 sq m (969 sq ft)
Open plan retail, storage, ancillary, wc

Tenancy:
The property is at present let to Bear Bookshop Ltd for a term of 5 years from 1st October 2020 at a current rent of £15,000 p.a. and the lease contains full repairing and insuring covenants. Tenant break option in 2023 NOT exercised. Deposit held of £3,000.

Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.

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. Smethwick is a popular town located approximately 4 miles west of Birmingham city centre. The property is situated in the town centre, on the west side of Bearwood Road, in between Anderson Road and Adkins Lane. Occupiers close by include Aldi, Holland & Barrett, Costa Coffee, Peacocks, Costa Coffee, Iceland and the Bearwood Shopping Centre.

Brochures

588 Bearwood Road, Birmingham, B66

Approximate location
Open mapStreet View

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

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 assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference 588bearwood. 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 Blue Alpine, London. 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.

Map data ©OpenStreetMap contributors.

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