231 Station Road comprises a 1960's end of terrace, 3 storey building constructed of traditional brickwork and pitched tile roof. The property comprises an attractive and recently refurbished cafe /deli at ground floor level and an apartment at 1st and 2nd floor level which has been sold off on a long leasehold interest. The ground floor measures at 857 Sq Ft and benefits from parking to the rear of the property.
( Agency Pilot Software Ref: 357 )
Location
The property is situated on Station Road, which is located centrally within Balsall Common in a prime location. The road includes a number of retail shops, A3 restaurants and cafés, banks and estate agents. Notable occupiers nearby include Costa Coffee, Tesco Express and Barclays Bank. The location benefits from the high levels of passing by trade as well as generous short stay parking provision. Balsall Common is an affluent commuter town large village situated within the metropolitan borough of Solihull. It is situated 7 miles west of Coventry, 8.5 miles east of Solihull and 14 miles to the south east of Birmingham.
Accommodation
The ground floor measures at 857 Sq Ft and benefits from parking to the rear of the property.
Terms
Services It is believed that all mains services are connected to the property.
Planning Ground Floor - A3 & A5
Tenure The property is to be sold freehold subject to an effective FRI occupational lease of the ground floor to Delicia Catering Ltd for a term of 11 years from 24 June 2018 at a passing rent of £XXX Per Annum excl. The upper floors have been sold off on a long leasehold basis for 125 years from 2010 and generate a peppercorn ground rent
Price £XXX excl. which reflects anet initial yield of 6.86%
EPC E105
Legal Costs Each Party will meet their own legal costs associated with this transaction
Specification
- Ground floor café producing income of £XXX Per Annum
- FRI Lease with ten years unexpired
- Net Yield of Circa 6.86%
- Prominent retail location