property
The property is located within the heart of West Bromwich Town Centre at the southern end of the pedestrianised High Street, neighbouring occupiers include Morrisons, D&M Retail, Wilkinsons and the West Bromwich Building Society. The property is considered to occupy an excellent catchment area for future trade.
On Behalf of the Joint LPA Receivers
The property comprises a prominent town centre stand alone restaurant unit, which was formerly occupied by Pizza Hut.
The property is suitable for continuation of a similar use or a variety of alternative uses, subject to obtaining the appropriate planning permission. The property is in need of refurbishment throughout.
The accommodation extends to approximately 3,094 sq.ft. (287.43 sq.m.).
Commercial Vacant Possession
A Long Leasehold Town Centre Stand Alone Former Restaurant Unit, considered suitable for a variety of alternative uses, subject to the appropriate Planning Permission
We understand that the property is Long Leasehold with effect from 26th January 1987 expiring on the 26th July 2113 at a Peppercorn. As such there are approximately 99 years unexpired. Vacant possession will be given upon completion.
VAT will be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
