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183 Redditch Rd 1,595 sq ft 100% Let Retail Property Birmingham B38 8RH £550,000 (£344.83/sq ft)
Investment Highlights
- The surgery occupies a prominent position on Redditch Road in Kings Norton with a large residential catchment area
- Public transport links are available, with a bus stop directly outside the property
- Amenities including Aldi and Cadbury College are nearby
Executive Summary
The premises has excellent parking facilities for those who choose to visit by car.
The property is being sold subject to the lease granted to Whitecross Dental Care Limited.
The lease is for a term of 15 years which commenced on the 12th of Nov 2021, and subject to a current rent of £33,978 per annum (paid quarterly and in advance). The rent is subject to review on the 12th of November 2026 and the 12th of November 2031.
The tenant is to keep the property in good and substantial repair and condition and reimburse the landlords insurance premium.
There is a tenant only break option on year 10 (12th of November 2031) subject to 6 months’ prior notice.
The property is being sold subject to the lease granted to Whitecross Dental Care Limited.
The lease is for a term of 15 years which commenced on the 12th of Nov 2021, and subject to a current rent of £33,978 per annum (paid quarterly and in advance). The rent is subject to review on the 12th of November 2026 and the 12th of November 2031.
The tenant is to keep the property in good and substantial repair and condition and reimburse the landlords insurance premium.
There is a tenant only break option on year 10 (12th of November 2031) subject to 6 months’ prior notice.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
1,595 sq ft
Costar Property Class
C
Year Built
1980
Price
£550,000
Price per sq ft
£344.83
Occupancy Rate
100%
Number of Floors
1
Plot ratio
0.10
Total Plot Size
0.37 ac
Amenities
- 24 Hour Access
- Security System
- Wheelchair Accessible
- Smoke Detector
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Nearby Major Retailers
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183 Redditch Rd
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