Prime Retail and Residential, Station Road, Solihull

Current Sale
Prime Retail and Residential, Station Road, Solihull

  • An opportunity to acquire a prominent high street retail unit with residential flats above in the affluent town of Solihull.
  • Anchored ground floor retail with separate upper floor residential accommodation.
  • The property is positioned at the heart of Solihull’s prime retail pitch with dual frontage to Station Road and Poplar Road.
  • The property ground floor is let to Countrywide Estate Agents (t/a Dixons Lettings Ltd) who have been in occupation for over 29 years.
  • Countrywide Estate Agents account for 73% of the total passing rent and are a subsidiary of Countrywide Plc. They recorded an annual turnover of £352m as at December 2018.
  • 2019 lease renewal to Countrywide Estate Agents on a 5 year lease.
  • The upper floors consist of 3 flats let of Assured Shorthold Tenancy agreements.
  • Total passing rent of £102,060 per annum.

Offers are invited in excess of £1,365,000 (One Million Three Hundred and Sixty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a NIY of 7.05% assuming  purchases costs of 6.05%

For further information or to arrange a viewing please contact;

Mark Rooke
Email: mrooke@mk2.co.uk
Direct Line: 0121 2141972
Mobile: 07985 877578

Ross Cuthbert
Email: rcuthbert@mk2.co.uk
Direct Line: 0121 2141975
Mobile: 07891 863364

 

Downloads

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Further Information

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