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45 Walmley Rd 700 sq ft Retail Property Sutton Coldfield B76 1NP £210,000 (£300/sq ft)
INVESTMENT HIGHLIGHTS
- 99 yr lease from 25th December 1999
- Affluent and vibrant retail location
- Let to established funeral directors
EXECUTIVE SUMMARY
Asking price around £210,000. 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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
700 sq ft
Costar Property Class
B
Year Built
1995
Price
£210,000
Price per sq ft
£300
Tenancy
Single
Number of Floors
3
Plot ratio
0.58
Total Plot Size
0.03 ac
Frontage
13 ft on Walmley Rd
AMENITIES
- Bus Route
- EPC - D
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45 Walmley Rd
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