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Bearwood Road, Smethwick, Birmingham, B66

£175,000

£234.58 per sq. ft.

Business rates & charges may apply

Centrick Commercial, Birmingham
SIZE AVAILABLE
746 sq. ft.
(69 sq. m.)
SECTOR
Commercial property for sale

Key features

  • Let to successful micro-bar chain
  • Situated within busy Bearwood Shopping Centre
  • Close to Hagley Road
  • Highly visible property
  • Virtual freehold interest

Property description

Attractive retail investment producing £15,000 pa.

Let to Craft Inn on 5 year FRI lease without tenant break clause. The property fronts Bearwood Road, close to Hagley Road and forming part of the busy Bearwood Shopping Centre in Birmingham. Numerous local businesses are close-by, together with national occupiers including Iceland, Poundland, Aldi and Argos. 746 sq ft (69.3 sq m)

The property fronts onto Bearwood Road, lies close to the junction with Hagley Road and forms part of the busy Bearwood Shopping Centre. Bearwood is an established district shopping location where numerous local covenant businesses operate, along with national occupiers including Iceland, Poundland, Aldi and Argos.

DESCRIPTION
The property comprises a mid-terrace retail unit that forms part of a busy shopping parade.

ACCOMMODATION
The premises have a Gross Internal Area of 69.3 sq m (746 sq ft).

TENANCY
The property is let to Craft Inn Ltd by way of a 5 year FRI lease at an annual rental of £15,000. The tenant company has provided a rent deposit equivalent to 3 months’ rent and a break option has not been agreed.

TENURE
The premises are available by way of a 999 year virtual freehold interest with a peppercorn ground rental.

PROPOSITION
Offers are invited for the virtual freehold interest based on £175,000.

ENERGY PERFORMANCE CERTIFICATES
The property has a rating of 83 (Band D). A copy of the EPC is available upon request.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred throughout the transaction.

SECURITY
Proof of funding will be required before solicitors are instructed.

VAT
We understand that VAT will be payable on the purchase price, however, it is possible to purchase the property VAT free by way of a Transfer of Going Concern. Interested parties are advised to make their own enquiries in this regard.

Brochures

Bearwood Road, Smethwick, Birmingham, B66

Approximate location

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 Centrick Commercial, Birmingham

2nd Floor, The Exchange, 17-19 Newhall Street, Birmingham, West Midlands, B3 3PJ

Centrick Property's dedicated and professional team deal with sales and lettings of high quality Commercial property in Central Birmingham and surrounding areas. Centrick specialises in offering innovative, proactive and flexible sales or lettings solutions that meet and adapt market demand - in short, we have the right solution for your business.

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Notes

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Disclaimer - Property reference AGC200132. 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 Centrick Commercial, 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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