property
The property is situated fronting the busy and popular Bristol Road South, commonly referred to as Northfield High Street, within the heart of the Northfield shopping area. There is a good mix of both local and national retailers within the immediate vicinity including KFC, Scope and Cash Generators.
Northfield lies approximately 5 miles south of Birmingham City Centre and approximately 3 miles distant of Junction 4 of the M5 motorway.
The property comprises a prominent mid terrace gaming arcade, which has been established for many years. There is ancillary kitchen and WC facilities and the first floor which is currently blocked off.
Commercial Investment
A Prominent Freehold Well Established Investment Opportunity, with the benefit of a Gaming Licence
Passing Rent: £17,000 pa.
We understand that the property is Freehold and is being sold subject to a FRI Lease of 10 years from 24th June 2007 at a current rent of £17,000 per annum.
We understand that the current tenants are well established and have been in occupation for 30 years.
A copy of the Lease will be available within the Legal Pack.
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.
