Commercial Property
False
The property occupies a prime position fronting the pedestrianised High Street within the heart of Halesowen town centre close to the entrance of the Cornbow Shopping Centre. There is a good mix of local and multiple retailers within the immediate vicinity including TSB, Thomson, Santander, Bright House, HSBC, Subway and Iceland.
Halesowen has a population of 55,273 (2001 census) and lies approximately 7 miles southwest of Birmingham. It has excellent access to the Midland and national motorway network via junction 3 of the M5 motorway which is a short drive from the property.
The property comprises a two storey mid terrace retail unit standing within a parade of similar properties. The ground floor comprises a modern charity shop extending to approximately 774 sq.ft. (71.99 sq.m.). The first floor comprises a stock room extending to approximately 715 sq.ft. (66.49 sq.m.) having a staff WC and loading access from the rear.
A Prime Town Centre Retail Investment, Let to the British Heart Foundation
Rent Passing: £17,000 pa
We understand that the property is Freehold and is subject to a Lease for 10 years to the British Heart Foundation with effect from the 20th January 2014, with provision for a rent review at the end of year 5.
A copy of the Lease will be available for inspection within the legal pack.
Please refer to the legal pack.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
