126 High Street, Kings Heath, Birmingham, B14 7LG
A prime freehold retail investment property
- Prime retail location on Kings Heath High Street
- 2,159 sq ft (200.57 sq m) retail unit
- Let to Chadwick Foods Limited on a new 15 year lease
- New 15 year lease expiring 28/02/2037
- Passing rent - £45,000 pax
LocationThe property occupies a very prominent position on Kings Heath High Street close to its junction with Silver Street within the prime retail pitch close to the Sainsbury’s supermarket. Major multiple retailers within the immediate vicinity include, Boots, WH Smith, Superdrug, and Poundland. It is also situated close to one of Kings Heath’s main car parks in Institute Road. Kings Heath is a popular residential suburb of Birmingham located approximately 4 miles (6km) south of the City Centre, 25 miles (40km) north of Worcester and 20 miles (32km) west of Coventry. The town lies within 5 miles (8km) from Junction 3 of the M42, which in turn links to the M40 (Junction 3A), the M5 (Junction 4A) and the M6 (Junction 7A).
The property comprises a purpose-built retail unit extending to 2,159 sq ft (200.57 sq m) trading as Chadwick Foods Limited, who are currently completing their fit out of the premises. The property is situated in a prime position within the heart of Kings Heath High Street and its bustling retail Centre.
AccommodationGround floor retail - 2,159 sq ft/200.57 sq m
TenancyThe property is let to Chadwick Foods Limited on a new fifteen year lease from 01/03/2022, expiring 28/02/2037. There are rent reviews on 01/03/2027 and 01/03/2032.
VATThe property is elected for VAT, although it is anticipated that the sale will be dealt with by way of a TOGC.
EPCAvailable upon request.
Legal CostsEach party are to be responsible for their own legal costs.
Anti Money LaunderingIn accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
Court House, 335-337 High Street, West Bromwich, West Midlands, B70 8LU
Retail To Let
From £22,860 per annum