4 Alcester Road South, Kings Heath, Birmingham, West Midlands, B14 7PU
A Freehold Retail Investment Opportunity for Sale, Let on a New Lease at £22,500 per annum
Features
- Located in popular South Birmingham suburb
- Prominent main road location with high footfall
- Ground floor – 719 sq. ft.
- Rear car parking
- Let on a new 10 year lease at a passing rent of £22,500 per annum
- Freehold - £275,000 plus VAT per annum
Location
The property occupies a very prominent position on the corner of Alcester Road South and Vicarage Road within the prime retail pitch close to the Sainsbury's supermarket. Major multiple retailers within the immediate vicinity include, Boots, WH Smith, Superdrug, Argos 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).Description
A prominent corner retail unit at the junction of Alcester Road South and Vicarage Road. The property extends to 719 square feet and benefits from a return frontage providing good exposure to passing trade. The first floor has been sold off on a long leasehold basis at a peppercorn ground rent.
Accommodation
Ground Floor - 719 sq. ft.First Floor - sold off long leasehold at a peppercorn ground rent.