Commercial Property
The property fronts the main High Street, Harborne near to its junction with Albany Road.
There is an excellent mix of regional and national retailers within the immediate vicinity, including a Waitrose opposite, Zizzi, Subway and Lloyds Pharmacy.
The property is considered to occupy a good catchment area for its existing use or for future alternative retail uses.
The property comprises a two storey mid terraced retail unit, having a ground floor retail area and ancillary stores on the first floor.
Commercial Investment
A Freehold Retail Investment within a busy and popular High Street location
Current Rental: £14,500 per annum
Fixed Increases in Years 4 & 5
We understand that the property is Freehold, subject to a Lease for 5 years to Instant Solutions (UK) Ltd, trading as Mobile Station with effect from 8th November 2012. There is a surety and rent deposit.
The current rent is £14,500 per annum for years 1-3, rising to £16,000 per annum for year 4 and £17,000 per annum for year 5.
A copy of the Lease will be available for inspection within the legal pack.
We understand that VAT will be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
