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7-9 Tamworth Street, Lichfield, Staffordshire, WS13

Offers in Region of
£385,000

£192.50 per sq ft

Business rates & charges may apply

Andrew Dixon & Company, Cannock
SIZE AVAILABLE

2,000 sq ft

186 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: A1 Shops

A1

Key features

  • Freehold Investment Property
  • Lichfield City Centre
  • Let Until April 2029
  • Passing Rent £34,250 per annum exclusive

Description

The property is located in the heart of Lichfield city centre, opposite Boots Chemists and Hindleys Bakery and adjacent to ES Jewellery. Lichfield itself lies approximately 12 miles equidistant between Walsall to the south west and Burton upon Trent to the north east. It has excellent communication links with the M6 Toll Road, the A5 and the A38.

The property comprises a handsome brick and tile Grade II listed premises. The ground floor double fronted shop is let to Done Brothers (Cash Betting) Limited trading as Betfred and the two residential flats over have been sold on a long leasehold. The property is being offered on a freehold investment basis.

All measurements are approximate:

Ground Floor
Retail and ancillary space occupied by Betfred.
2,000 sq ft (185.8 sq m)

First & Second Floors
Two self-contained residential properties sold on a long leasehold.

Outside - Secure rear yard and side alley.


The freehold of this investment property is available with the income from the lease to Done Brothers (Cash Betting) Limited dated 10th April 2024. The current rent is £33,750 per annum exclusive and the lease is for a 5 year term ending on 9th April 2029. Done Brothers (Cash Betting) Limited was incorporated in September 1976.

The two first and second floor flats, 7A & 9A, have been sold on a long leasehold basis for 125 years from 1st December 2013 at a ground rent of £250 per annum.

The total annual income from the property is therefore currently £34,250 pa.

Brochures

7-9 Tamworth Street, Lichfield, Staffordshire, WS13

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lichfield City Station0.3 miles
  • Lichfield Trent Valley Station1.1 miles
  • Shenstone Station3.2 miles

About Andrew Dixon & Company, Cannock

4 Hallcourt Crescent, Cannock, WS11 0AB

Notes

These notes are private, only you can see them.

Disclaimer - Property reference CABP2413KMC. 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 Andrew Dixon & Company, Cannock. 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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