Property Details: • Type: Retail Property (high street) • Tenure: N/A • Floor Area: 700 sqft
Key Features: • Rare opportunity • 99 yr lease from 25th December 1999 • Affluent and vibrant retail location • Let to estabished funeral directors • Current income £16,000 per annum exclusive
Location: • Nearest Station: Wylde Green Station • Distance to Station: 1.3250328807161555 miles
Agent Information: • Address: 1a Mitre Court, 38 Lichfield Road, Sutton Coldfield, West Midlands, B74 2LZ
Full Description: The premises are is situated in the centre of Walmley Village, close to its junction with Wylde Green Road, within a parade of shops to include Acres Estate Agent, Walmley Drinks, and Ré Spa, and benefitting from off road customer parking behind a service road. Other occupiers within Walmley include the likes of Co-op, Lloyds Pharmacy, Post Office together with a mix of local retailers. <br /><br />Walmley is a popular suburb on the outskirts of Sutton Coldfield and are well placed for access to the A38, M42, M6 Toll and Birmingham City Centre.<br /><br />A modern self contained ground floor retail unit let to C. Crawford Funeral Directors. Rear access for loading and unloading is provided via a gated courtyard and approached off Wylde Green Road.<br /><br />The property is held on a long leasehold basis for a term of 99 years from 25 December 1999 at a ground rent of £195 pa, which increases to £390 pa from 25 December 2032, and to £780 pa from 25 December 2065.<br /><br />The property is currently let to Celina Crawford (Funeral Director) on a 10 year lease from 24 March 2025 at a rent of £16,000 pa exclusive, subject to tenant breaks at the 3rd and 7th anniversary of the lease, and rent review at the 5th anniversary.<br /><br />Copies of the title documents and the lease are available via the data room which can be accessed via our website - click here<br /><br />In accordance with Anti Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful applicant. For a company, any person owning more than 25% must provide the same.<br /><br />Each party will be responsible for their own legal costs incurred in the transaction.
