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144 Highfield Rd 1,806 sq ft 100% Let Retail Property Birmingham B28 0HU £500,000 (£276.85/sq ft)
INVESTMENT HIGHLIGHTS
- Prominent corner location adjacent to neighbourhood retail parade
- 5 miles south of Birmingham City Centre
- Located on the corner of Highfield Road
EXECUTIVE SUMMARY
The car showroom and offices are occupied on a Licence basis at a rental of £32,000 per annum on the equivalent of an Internal Repairing & Insuring The rear service workshop is also occupied on a Licence basis at a rental of £19,200 per annum on the equivalent of an Internal Repairing & Insuring.
The property has been established as a car sales showroom for a considerable number of years and more recently as a showroom for hot tubs and saunas and comprises the front half of a detached building of brick construction, having a two storage frontage to Highfield Road, with showroom to the ground floor and offices at first floor level together with rear service workshop.
The property has been established as a car sales showroom for a considerable number of years and more recently as a showroom for hot tubs and saunas and comprises the front half of a detached building of brick construction, having a two storage frontage to Highfield Road, with showroom to the ground floor and offices at first floor level together with rear service workshop.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Car Dealership
Property Size
1,806 sq ft
Year Built
1950
Price
£500,000
Price per sq ft
£276.85
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Parking
12 Spaces (5.29 Spaces per 1,000 sq ft Leased)
Frontage
33 ft on Highfield Way
AMENITIES
- Bus Route
- EPC - D
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NEARBY MAJOR RETAILERS
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144 Highfield Rd
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