property
The property is located fronting the popular and very busy Coventry Road near its junction with Jenkins Street. The property is situated within a well established retail and commercial environment with a good mix of local, national and regional operators.
The property comprises a mid terrace, two storey building in a parade of retail properties. The property which operates as a Pharmacy provides on the ground floor a modern and well presented retail area, dispensary and consulting room with a rear lobby, kitchenette and wc and access to the rear. On the first floor there a three rooms.
Commercial Investment
A Freehold Retail Investment Opportunity
Current Rental Income: £16,000 pa.
The property is let for a term of 10 years with effect from 7th February 2010 to Mubarak Health Care Ltd, together with Guarantors. The rent passing is £16,000 per annum and there is provision for a rent review at the end of the 5th year.
Full details relating to tenure, together with a copy of the Lease will be available within the legal pack.
We understand that the property is Freehold and is being sold subject to the tenancy below.
We understand that VAT will not chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
For further details, contact Ian Tudor on 0121 237 4850.
