Lot 21 details
(gross yield 11.7%)
Occupying a prominent trading position amongst an abundance of local retailers and well-established multiples including Barclays, Betfred, Heron Foods, Quicksilver and Wilko whilst also being close to the Great Bridge Retail Park, containing ASDA, Boots, Poundland and more.
Tipton is a busy West Midlands suburb located 7 miles north-west of Birmingham and only a 10 minute drive from The Hawthorns Stadium (West Bromwich Albion Football Club).
The area benefits from good road links, being close to both the A4037 and A47 and within 3 miles of the M5 and M6 motorways.
A mid terraced building comprising a Ground Floor Shop with internal access to Storage on the first floor.
Ground Floor Shop
Gross Frontage 14'9"
Internal Width 13'10"
Shop Depth 48'1"
Built Depth 59'10"
First Floor Storage Approx. 360 sq ft1
1 Not inspected - Area from VOA.
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to A.J. Beech (trading as The Purest Vapours, having 3 branches) for a term of 3 years from 9th July 2017 at a current rent of £8,750 per annum exclusive.