1 Middlemore Road, Northfield, Birmingham B31 3UD

Property Details: • Type: 861 sq ft • Tenure: N/A • Floor Area: N/A

Key Features:

Location: • Nearest Station: Northfield Station • Distance to Station: 0.1 miles

Agent Information: • Address: 54 Welbeck Street, London W1G 9XS

Full Description: Investment Consideration: Gross Initial Yield: 5.09% Rental Income: £8,900 p.a. VAT is NOT applicable to this property Comprises ground floor retail shop and residential flat above (sold-off) Property benefits from outdoor space at front suitable for retail/parking use and advertising board on the side wall, currently let to an advertising company Situated within 2 min walk from Northfield Train Station and nearby occupiers including Post Office, Convenience Store, Texaco Filling Station and more.

Property Description: Comprises ground floor retail premises t/a Boots pharmacy with residential flat above which has been sold-off on long leasehold. The property provides the following accommodation and dimensions: Ground Floor: 80 sq m (861 sq ft) Open plan retail, Ancillary, Kitchenette, WC First/Second Floor: Residential Flat (sold-off)

Tenancy: The retail shop is at present let to Boots UK Limited for a term years expiring 9th May 2027 at a current rent of £8,900 p.a. and the lease contains full repairing and insuring covenants. Tenant in occupation since 2011. Flat No.1A has been sold off on long leasehold for a term of 99 years from 25th March 2000 at a ground rent of £150. Reversion March 2099 (75 years unexpired). The advertising board is currently let at £150 p.a.

Location: Northfield is a residential area in outer south Birmingham, England, and near the boundary with Worcestershire, which it was historically within. The property is situated within 2 min walk from Northfield Train Station and nearby occupiers including Post Office, Convenience Store, Texaco Filling Station and more.