Lot 3 details
(GROSS YIELD 16.9%)
6 Week completion
Located close to the junction with St. Chad's Road within this established retail thoroughfare amongst a variety of multiple and local traders including Costcutter, Barclays, Lloyds Bank, William Hill, Subway, Co-operative Food and Greggs. Longbridge Rail Station is approx. 2 miles to the west.
Rubery lies approximately 10 miles south-west of Birmingham city centre and benefits from good road links via the A38 Birmingham Road which links to the M5 (Junction 4) just a short distance away.
A mid terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat planned on the first and second floors. The shop benefits from the use of a communal service area at the rear.
VAT is applicable to this Lot
Leasehold for a term of 2,000 years from 23rd August 1984 at a Peppercorn ground rent.
Note 1: The tenant currently pays £6,500 p.a. by way of a personal concession which expires on 25th March 2019 and is not binding on the Purchaser.