Commercial Property
False
The property is located within a well established residential estate approximately 1 mile north of Dudley town centre and close to the main A4123 Birmingham Road, the main arterial route linking the cities of Birmingham and Wolverhampton.
The property comprises a single storey mid terraced retail unit of brick construction with a tiled roof. The property stands within a neighbourhood parade of similar properties serving a well established residential estate. It currently operates as a convenience store and off-licence and is considered to benefit from a good local immediate catchment area for trade.
A Freehold Retail Investment in a Neighbourhood Parade
Current Rent Passing: £7,800 pa
We understand that the property is Freehold subject to a Lease for a term of 15 years with effect from the 14th November 2011, approximately 10 and a half years unexpired.
The current rent is £7,800 per annum and the Lease provides for a rent review every 3 years.
Full details and a copy of the Lease will be available for inspection within the legal pack.
We undersand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
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