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

Location

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.

Description

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

Accommodation

The property extends to 1,338 sq ft
583 sq. ft. ITZA

Price

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.

Tenancy

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.

VAT

The property is elected for VAT, although it is anticipated that the sale will be dealt with by way of a TOGC.

EPC

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.