£850,000
Retail premises for sale
Property photos
Just added
£850,000
(£283.33/sq. ft)
Retail premises for sale
Bristol Road South, Northfield B313,000 sq. ft
Local area information
Property location
Nearby amenities
- Bellfield Infant School (NC) 0.1 miles
- Bellfield Junior School 0.1 miles
- Northfield 0.6 miles
- Longbridge 1.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold Investment Property For Sale - Part vacant - ex Costa Coffee Shop
- Prominent corner building – comprising of 2 Shops & 2 self-contained Flats havin
- 1 Shop let to a Franchisee of Subway, other Shop currently vacant (ex Costa Coff
- Prime Location – Adjacent to Savers, McDonalds & Heron Frozen Foods
- Opposite Northfield Shopping Centre
- Current rental income £37,240 pa – erv c.£72,000 pa
- Rear servicing access
- Car parking close by
Northfield is one of Birmingham’s principal Satellite Towns.
The property occupies one of the busiest and prominent trading locations being situated on a busy crossroads.
It is situated directly adjacent to McDonalds with other occupiers close by including Heron Frozen Foods and Savers. It is directly opposite the Northfield Shopping Centre.
There is a public car park adjacent to the parade, with several bus stops to the front.
The property comprises of a large corner building having 2 shops at ground floor and 2 self-contained flats upon the first floor, accessed from the rear.
One of the shops (723) is let to a Franchisee of Subway, the other (723a) is currently vacant and most latterly traded as a Costa Coffee Shop. It is on the market to let separately, details available on request.
There is rear servicing access.
The property comprises of the following approximate gross internal floor areas:-
• 723 (Subway)
Ground Floor: C.1,075 sq ft (100 sq m)
Basement: (not measured)
• 723a (Vacant – ex Costa Coffee)
Ground Floor: C.2,000 sq ft (186 sq m)
• Flat 1 - 2 bedrooms
• Flat 2 - 1 bedroom
Tenancies:-
• 723 (Subway)
Let to hkes subs Limited with a Guarantor from cw subs Limited from 1/4/22 to 31/3/37 subject to a rent review on 1/4/27, and tenant-only break options on 1/4/27 and 1/4/32. The passing rent is £22,000pa. The lease is essentially Fri (excluding basement) and is excluded from sections 24 – 28 of the Landlord & Tenant Act 1954, referred to as “outside of the Act”.
• 723a (Vacant)
Currently on the market to let, quoting £35,000pa
• Flat 1
Let on an AST at a rent of £695 pcm
• Flat 2
Let on an AST at a rent of £575 pcm
• Total current rent: £37,240pa
• Estimated rental value: C.£72,000 pa
Price - £850,000, subject to contract
It is understood that VAT will be charged on the sale proceeds.
The property occupies one of the busiest and prominent trading locations being situated on a busy crossroads.
It is situated directly adjacent to McDonalds with other occupiers close by including Heron Frozen Foods and Savers. It is directly opposite the Northfield Shopping Centre.
There is a public car park adjacent to the parade, with several bus stops to the front.
The property comprises of a large corner building having 2 shops at ground floor and 2 self-contained flats upon the first floor, accessed from the rear.
One of the shops (723) is let to a Franchisee of Subway, the other (723a) is currently vacant and most latterly traded as a Costa Coffee Shop. It is on the market to let separately, details available on request.
There is rear servicing access.
The property comprises of the following approximate gross internal floor areas:-
• 723 (Subway)
Ground Floor: C.1,075 sq ft (100 sq m)
Basement: (not measured)
• 723a (Vacant – ex Costa Coffee)
Ground Floor: C.2,000 sq ft (186 sq m)
• Flat 1 - 2 bedrooms
• Flat 2 - 1 bedroom
Tenancies:-
• 723 (Subway)
Let to hkes subs Limited with a Guarantor from cw subs Limited from 1/4/22 to 31/3/37 subject to a rent review on 1/4/27, and tenant-only break options on 1/4/27 and 1/4/32. The passing rent is £22,000pa. The lease is essentially Fri (excluding basement) and is excluded from sections 24 – 28 of the Landlord & Tenant Act 1954, referred to as “outside of the Act”.
• 723a (Vacant)
Currently on the market to let, quoting £35,000pa
• Flat 1
Let on an AST at a rent of £695 pcm
• Flat 2
Let on an AST at a rent of £575 pcm
• Total current rent: £37,240pa
• Estimated rental value: C.£72,000 pa
Price - £850,000, subject to contract
It is understood that VAT will be charged on the sale proceeds.
More information
Listed by
Nicholas Brett & Co.
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