High Street, Erdington, Birmingham, B23 6SY
Investment - Retail
3,919 SqFt (364.08 SqM)
For Sale £445,000 Offers Around
- Rare opportunity to acquire character freehold investment
- Let to Dignity Funerals Limited
- Long term income
- Current Income - £40,000 pa.
Location
The premises are located on the busy Erdington High Street, close to its junction with Church Road and opposite St Barnabas Parish Church within a well established retail parade to include a wide cross section of national and local operators.
Birmingham City Centre is approximately 4.5 miles away and the property is excellently placed for access to Junction 6 (Spaghetti Junction) of the M6 motorway and therefore providing access to the wider Midlands motorway network.
Terms
Freehold subject to the following tenancy:
Let to Dignity Funerals Limited on the basis of a 20 year full repairing and insuring lease from 21 December 2016, at a current rental of £40,000 per annum exclusive, subject to five yearly rent reviews with the next being 21 December 2026.
A copy of the lease is available via the data room on our website, subject to registration - click here
VAT
All figures quoted are exclusive of VAT which we understand will not be applicable.
Money Laundering
In accordance with Anti Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful applicant. For a company, any person owning more than 25% must provide the same.
Legal Costs
Each party will be responsible for their own legal costs incurred in the transaction.
Accommodation
| Floor/Unit | Size | |
|---|---|---|
| Ground Floor offices | 682 SqFt | |
| First Floor Offices | 771 SqFt | |
| Kitchen | 88 SqFt | |
| Rear Workshops | 2,378 SqFt |
Download Property Documents