Shop in Smethwick
618 - 620 Bearwood Road, Smethwick, West Midlands B66 4BW
- Lot No: 109
- Property Type: Shop
- Contract Type: Unconditional with Fixed Fee
Guide Price* £150,000+ plus fees
A double unit ground floor spacious retail premises. Trading as a clothing store. Let on a 5 year FRI lease with personal guarantor from May 2021 at £18,000 per annum. Situated in a highly regarded location in very busy trading position only yards from Hagley Road and a few miles from Birmingham city centre. Other large brands close by include Aldi, Costa and Superdrug. A superb investment opportunity with a return of over 12% and sold on a new 999 year lease / Virtual Freehold. A great addition to any rental portfolio. Income from day one with no hassle.
The auctioneers have not inspected the property.
- Buyer’s Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of the property.
Date 28th October 2021
Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
If you have any questions, call our team on 0345 222 0197