1088 Warwick Road, Acocks Green, Birmingham, B27 6BH

Freehold High Street retail investment.

Property details

Type Investment
Tenure Freehold, subject to the existing tenancy.
Size 1338 sq ft
Price Guide Price £520,000
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  • High Street retail investment opportunity
  • Prominent location in thriving shopping suburb
  • Let to ST & BJ Brown (TA Costa Coffee) on a 10 year lease, expiring 14/8/2025
  • Passing Rent - £32,650 pa
  • Offers based on £520,000 (NIY of 6%) after purchasers costs of 4.78%
The property is located on Warwick Road (A41), in the busy retail location of Acocks Green, some 6 miles south east of Birmingham City Centre. Solihull is 4 miles to the south east, Birmingham International Airport is 5 miles to the east, while the NEC is 9 miles to the east. The M42 motorway is 5 miles to the south via Junction 5 of the M6 Acocks Green shopping centre is on the north side of Warwick Road, fronting on to the roundabout junction with Westley Rd and Shirley Rd.

The property comprises a ground floor retail area shop with ancillary accommodation and service access to the rear.

The property extends to 1,338 sq ft
583 sq. ft. ITZA
Offers in the region of £520,000 are sought for the freehold interest. A purchase at this level would equate to a net initial yield of 6% (after purchasers costs of 4.78%), based on a passing rent of £32,650 pa.
The property is let to ST & BJ Brown, trading as Costa Coffee, on a 10 year lease from 15/8/2015, expiring on 14/8/2025 at a passing rent of £32,650 pa.
The property is elected for VAT, although it is anticipated that the sale will be dealt with by way of a TOGC.
Available upon request.
Legal Costs
Each party is to be responsible for their own legal costs incurred in this transaction.
Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of any funding will be required from the successful purchaser. Disclaimer - A director of Bond Wolfe has a vested interest in this property.