- Listing ID: 24931
High Street Retail Property For Sale 1-2 The Highgate Centre, Belwell Lane, Sutton Coldfield, B74 4AB
- 1,932 sq ft
- £375,000
- For Sale
Property Overview
-
- Size:
- 1,932 sq ft / 179 sq m
-
- Usage:
- A1
-
- Sale Type:
- For Sale
-
- Rental Income:
- £26,000
-
- Property Type:
- High Street
-
- Auction:
- No
-
- Development Opportunity:
- No
-
- Investment Opportunity:
- Yes
-
- Tenanted:
- Yes
-
- Energy Rating:
-
C
Supporting Documents
General Summary
● Investment opportunity let to the
undoubted covenant of William Hill.
● The property is let to William Hill for
a term of 20 years from 19 May 2006
expiring 19 May 2026, subject to a tenant
break option in 2016.
● First Floor & part ground floor sublet
to Blowers Hairdressing and barbers
from September 2009 to May 2016 at
a rent of £7,000 per annum.
● Freehold
● Rent of £26,000 per annum exclusive,
subject to five yearly rent reviews.
● Seeking offers in the region of
£375,000, subject to contract.
● A purchase at this level would reflect
a Net initial Yield of 6.62% allowing for
purchaser’s costs of 4.80%.
Location
The property is situated on the Bellwell Lane, close to it’s junction with Lichfield & Mere Green Roads.
Waitrose is located 25 metres to the west whilst HSBC Bank is 10 metres to the east.
