Investment for Sale

Mixed Retail, Office and Residential Investment Property   Prominent location on Brownhills High Street   Rental Income:  £45,420 per annum  

LOCATION:  The property is situated on the south western side of the main A452 High Street adjoining Kirkside Grove at the rear, Brownhills forming part of the retailing centre thereof.

DESCRIPTION:   The property comprises a substantially extended mid-terraced mixed retail. office and residential investment premises occupying a through site with the benefit of access off Kirkside Grove at the rear.  Immediately abutting the pavement in the High Street the original two-storey part of the property is of solid brick construction surmounted by a pitched tiled roof.  It has been extended at both ground and first floor level toward the rear where the property has a small gated yard and space for two/three cars off Kirkside Grove.

ACCOMMODATION:  On The Ground Floor:  Retail Shop and Ancillary Accommodation and Three Serviced Offices.  On The First Floor:  One Bedroom Flat.

SERVICES: Usual mains services are connected to the property.  No tests have been applied to any of the services or appliances.

TOWN PLANNING:   We assume that the property will have the benefit of the appropriate Planning Permission for the various uses.  Interested parties are advised to make their own enquiries of the Local Authority Planning Department in this regard.

RATING DATA: (information obtained from the Valuation Office Agency Web Site):

Rateable Value:  £4,600

Description:    Shop and Premises

NB:  Small Business Rate Relief may be available.  Interested parties are advised to make their own enquiries of the Local Authority in this regard.

TENURE:  We understand that the property is Freehold.

TENANCIES:   The retail shop known as 82, High Street is let by way of a lease which expires in December, 2029, with a rent review in 2028.  The current passing rent is £750 pcm (£9,000 per annum).  The flat known as 82a, High Street is let by way of an Assured Shorthold Tenancy expiring in May 2025 at a rental of £795 pcm (£9540 per annum).  The three serviced offices known as 82B, High Street are let as follows:  Office 1 is let by way of a lease which expires in March 2027 at a rental of £620 pcm (£7440 per annum).  Office 2 is let by way of a lease which expires in October, 2027 at a rental of £895 pcm (£10,740 per annum).  Office 3 is let by way of a lease which expires in August, 2026 at a rental of £725 pcm (£8,700 per annum).  Total Rental Income:  £45,420 per annum.

NB:  Please note that the utilities are not split and the Landlord is responsible for paying the utility costs.

ENERGY PERFORMANCE CERTIFICATE:  The retail area has a rating of B (45), offices have a rating of …………... and the residential area has a rating of C (74).  A copy of the EPCs will be available for inspection at the agent’s offices or on their web site.

VIEWINGS:    Contact Fraser Wood Commercial on 01922 629000.

Please note that all parties viewing the property do so at their own risk and neither the vendor nor the agent accept any responsibility or liability as a result of any such viewings.