- 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 £329m as at December 2019.
- 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 £1,125,000 (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 8.57% assuming purchases costs of 5.87%
For further information or to arrange a viewing please contact;
Direct Line: 0121 2141972
Mobile: 07985 877578
Direct Line: 0121 2141975
Mobile: 07891 863364