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113-141 High Street, Erdington, Birmingham

Guide Price
£250,000

Business rates & charges may apply

Savills, Savills, Auctions
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SECTOR

Mixed use property for sale

Key features

  • High Yielding Retail Investment
  • Let to Pepes Piri Piri
  • Recently Signed 10 Year Lease with No Breaks
  • Lease Expires 20.08.2034
  • Popular High Footfall Location
  • Prominent Corner Pitch
  • Investment Let at £32,000 p.a. (12.8% GIY on Guide Price)

Description

The property comprises a high yielding retail investment occupying a prominent corner pitch and let on a new lease to Pepes.

Arranged across ground and first floors, the property is fully let to Pepes Piri Piri on a recently signed 10 year lease with no breaks expiring 20.08.2034 and paying £32,000 per annum.

The property occupies a high footfall corner pitch on Erdington High Street with a return frontage to Barnabas Road, immediately opposite the Central Square Shopping Centre. The surrounding area benefits from low levels of vacancy and is characterised by a number of national retailers including Holland & Barrett, Specsavers, Heron Foods and B&M.

Brochures

113-141 High Street, Erdington, Birmingham

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Erdington Station0.2 miles
  • Chester Road Station0.7 miles
  • Gravelly Hill Station0.9 miles

About Savills, Savills, Auctions

33 Margaret Street, London, W1G 0JD

Notes

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