Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A
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: N/A • Distance to Station: N/A
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. 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.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.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.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.Copies of the title documents and the lease are available via the data room which can be accessed via our website - click hereIn 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.Each party will be responsible for their own legal costs incurred in the transaction.
