property
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The property is prominently and conveniently located fronting the main Lichfield Road at its junction with Catherine Street, lying immediately adjacent to a Harley Davidson dealership and opposite Motorpoint. The area is predominately commercial in nature, with a Screw Fix trade counter lying opposite in Catherine Street. The area has and continues to improve as a location, with continued new development within the general vicinity.
Given its location, it is felt that the site is suitable for a prime roadside redevelopment opportunity in the future, subject to planning permission.
The property has excellent access to the regional and national motorway network via the A38(M) which lies within close proximity.
The property comprises a modern trade park development of five units with a rear communal gated car park providing approximately 14 car parking spaces. We understand that the property was developed in 1981 by the current owners and this is the first time it has been offered for sale. The property is of steel portal frame construction with brick and block work and a number of the units have additional mezzanine floor space.
Commercial Investment
A Well Presented Prominent Commercial Investment Opportunity with Future Rental Growth Potential and also considered suitable as a Prime Roadside Development Opportunity, subject to Planning Permission
Current Rent Passing: £45,513 pa.
With Fixed Rental Uplifts to £52,013 pa.
We understand that the property is Freehold and subject to the tenancies highlighted below.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
