1-3 Garretts Green Lane and 232-234 Barrows Lane, Birmingham, B26 1RL
- SIZE AVAILABLE
1,596 sq ft
148 sq m
- SECTOR
High street retail property for sale
Key features
- Four Retail Units
- Fully Let Generating £19,200 PA
- ERV of circa £32,000
- Potential to Extend / Re-develop STP
Description
The property comprises a parade of single-storey retail units positioned prominently at the junction of Garretts Green Lane and Barrows Lane within the Sheldon area of Birmingham. The units are of single-storey construction beneath flat felted roofs and benefit from forecourt areas to the fore.
Each unit provides a glazed retail frontages, with security shutters and pedestrian access doors, leading into predominantly open-plan retail accommodation with ancillary kitchen and WC facilities to the rear. The units are separately metered and assessed for business rates individually.
The parade is currently fully let, producing a combined rental income of £19,200 per annum. Based on our assessment of market evidence, we consider the Estimated Rental Value (ERV) to be in the region of £32,000 per annum (exclusive).
A full tenancy schedule is available upon request.
Location
The parade is located prominently at the junction of Garretts Green Lane and Barrows Lane in Sheldon, within close proximity of Coventry Road (A45). The A45 provides a direct arterial link between Birmingham city centre (approximately 6 miles to the west), Solihull and Coventry, with regular public transport services operating along the route.
Junction 6 of the M42 located is located approximately 3.5 miles east via Coventry Road (A45), providing access to the national motorway network with also offering access to Birmingham International Airport, Birmingham International Train State, the NEC and Resorts World.
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Services
We understand that the premises benefit from mains electricity, water and foul drainage.
The agent has not tested the suitability of the connections and recommends that all interested parties carry out their own investigations.
Brochures
1-3 Garretts Green Lane and 232-234 Barrows Lane, Birmingham, B26 1RL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lea Hall Station1.1 miles
- Acocks Green Station1.5 miles
- Stechford Station1.5 miles
Notes
Disclaimer - Property reference 344787-1. 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 Siddall Jones Ltd, Birmingham. 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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