Commercial Property
False
The property benefits from a prominent position fronting Shirley Road at its main roundabout junction with Warwick Road, within the heart of the busy and popular Acocks Green Village shopping area. Within the vicinity there is a good mix of local retailers and national operators, including Argos, Costa, Boots, Burton, Pizza Hut, Wilkinsons, together with a number of Banks including Barclays, Santander and Lloyds.
On Behalf of Fixed Charge Receivers
The property comprises a two storey mid terraced retail unit of brick construction with a slate roof. On the ground floor the accommodation provides a modern tanning centre, divided to provide five separate tanning booths, a fitness area, kitchen and wc. On the first floor, there are two beauty treatment rooms, a further room currently used as storage, but suitable to provide further treatment room, bathroom with shower and WC and a kitchen. Outside there is rear yard.
The accommodation extends to approximately 1,329 sq.ft.
Commercial Investment
A Freehold Retail Investment within a busy local shopping area
Current Rental Income: £14,500 pa.
We understand that the property is Freehold, subject to a Lease to Consol Suncenter (UK) Ltd for a term of 10 years with effect from 29th September 2002, at a rent passing of £14,500 per annum. The tenant is currently holding over.
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.
