Commercial Property
The property occupies a prominent position fronting the A4040 Oaktree Lane, just off the main A38 Bristol Road within the heart of the popular suburb of Selly Oak, near to its border with Bournville. The Queen Elizabeth Hospital Birmingham, Selly Oak Hospital and Birmingham University are all in close proximity, whilst Birmingham City Centre is approximately 4 miles to the north.
The property comprises a two storey brick and tiled mid terraced retail unit with first floor offices.The property is currently used as an Optometrists with a retail and dispensing area on the ground floor, whilst there are two associated offices at first floor level.
A Freehold Retail Investment Opportunity within a busy suburban shopping paradeCurrent Rent Passing: £9,000 pa Increasing to £10,000 pa in June 2014
We understand that the property is Freehold, subject to the following.The property is let by way of a new full repairing and insuring Lease with effect from 4th March 2013 to Williams Optometrists Ltd with guarantor. The initial rent is £9,000 per annum, increasing to £10,000 per annum with effect from 24th June 2014. There is provision for an upward only rent review at the end of the fifth year. Full details and a copy of the Lease will be available for inspection within the legal pack.
VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
