Summary
| Property Type | Retail |
| Tenure | For Sale |
| Size | 1,596 sq ft |
| Price | Offers in excess of £320,000 |
| Rates Payable | Tenant responsibility however we understand that small business rates relief applies. |
| Service Charge | No service charge is levied. Insurance is recharged. |
- Four Retail Units
- Fully Let Generating £19,200 PA
- ERV of circa £32,000
- Potential to Extend / Re-develop STP
About
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.
Mainline Stations
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Lea Hall22 mins
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Acocks Green28 mins
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Stechford29 mins
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Marston Green33 mins
Underground Station
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Chesham1404 mins
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Amersham1438 mins
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Chalfont and Latimer1469 mins
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Reading1504 mins
Downloads
Download Particulars
Further Information
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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.
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