9 & 11 Watford Road, Cotteridge, Birmingham, B30 1JB
£119.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
5,000 sq ft
465 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold commercial investment
- Producing £47,500 per annum
- Established Cotteridge district centre location
- Two retail units and two rear warehouses / yard and parking area.
Description
An opportunity to acquire a freehold multi-let commercial investment comprising two retail units fronting Watford Road together with two rear workshop/storage units. The property currently produces a total passing rent of £47,500 per annum from four separate occupational tenants, providing a diversified income profile. The retail accommodation is let to Baxters Canine Pet Store and Acorns, whilst the rear accommodation is occupied by Staunton Sheds and B. Milligan. The investment occupies a prominent position within the established Cotteridge district centre and benefits from secure income together with future asset management potential.
Location
The property occupies a prominent position on Watford Road within the heart of Cotteridge, a well-established and popular suburb approximately 6 miles south-west of Birmingham city centre. Watford Road forms part of the area’s principal retailing and commercial centre and benefits from a mixture of national operators, independent retailers, cafés, convenience stores and community services. The location enjoys excellent road communications via the nearby A441 Pershore Road, providing direct access to Birmingham city centre and the wider West Midlands motorway network. Regular bus services operate nearby and Kings Norton and Bournville railway stations are within easy reach.
Investment Summary
* Freehold
* Passing Rent: £47,500 pa
* Guide Price: £595,000
* Gross Yield: 8.00%
* Four Income Streams
Tenancy Schedule
9 Watford Road – Baxters Canine Pet Store
Passing Rent: £16,000 per annum
Lease Expiry: 20 January 2031
Tenant Break: 20 January 2028
Rent Review: 20 January 2028
Lease Type: FRI
11 Watford Road – Acorns
Passing Rent: £14,000 per annum
Lease Expiry: 28 September 2028
Lease Type: FRI
S. Works – Staunton Sheds
Passing Rent: £9,000 per annum
Lease Expiry: 23rd June 2029
Lease Type: FRI
L. Works – B. Milligan
Passing Rent: £8,500 per annum
Lease Expiry: To be confirmed
Lease Type: FRI
Viewings
By appointment only with Shepherd Commercial.
Brochures
9 & 11 Watford Road, Cotteridge, Birmingham, B30 1JB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Kings Norton Station0.3 miles
- Bournville Station0.8 miles
- Northfield Station1.5 miles
Notes
Disclaimer - Property reference 375367-1. 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 SHEPHERD COMMERCIAL, Solihull. 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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