Overview
- Other
Description
Location
Location
The premises are located in this prominent parade fronting the A452 Chester Road at its junction with Bridle Lane in Streetly, a popular suburb on the outskirts of Sutton Coldfield. The adjoining parade includes Tesco Express with occupiers in close proximity to include Paul Carr Estate Agents, Costcutter and Brayley Nissan.
Description
A mixed use investment fully let to three tenants; Coral Bookmakers and Breakfast Express both of whom occupy ground floor shops together with Streetly Balti who occupy the first floor via a ground floor entrance. The property benefits from shared forecourt parking is approached off Chester Road.
Terms
Freehold For Sale subject to the following tenancies:
188A - Coral Racing Limited: 10 yr lease expiring 23 June 2027 at £8,250 pa.
188B - M S Uddin t/as Streetly Balti: 15 yr lease from 6 May 2025 subject to 3 yrly rent reviews: next review 5 May 2028. Current rent £7,200 pa.
188C - Harjit Chahal t/as Breakfast Express: 20 year lease expiring 27 November 2038 subject to 5 yrly rent reviews; next review 15 November 2028. Current rent £7,200 pa.
Copies of the leases are available via the data room.
EPC
Energy Performance Certificate available upon request
Rates Comments
Rateable Values:
188A: £8,800
188B: £11,750
188C: £8,100
Interested parties are advised to make their own enquiries with the Local Authority (Walsall) for verification purposes.
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.
VAT
All figures quoted are exclusive of VAT which we understand will not be applicable.
Summary
Key points
- Prominant location within popular retail parade
- Neighbouring occupiers incl. Tesco Express
- Rare fully let investment opportunity
- Tenants include Coral and Streetly Balti
- Forecourt Parking
- Current net income - £22,650 per annum
Contact
Burley Browne Limited
Tel: 0121 362 1530
David Hemming
david.hemming@burleybrowne.co.uk
www.burleybrowne.co.uk
EPC
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