Available
Solihull – Children`s Care Home
1264 Yardley Wood Road, Solihull, Shirley B90 1JXFreehold Children`s Care Home Investment
Price
£650,000
Rent P.A.
£48,000
Yield
7.38%
Tenure
Freehold
Area
1,463 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises 3-bedroom licensed children’s care home
- Property benefits from large driveway and a large garden at rear
- Bus stop located short walk from the property provides direct services (8 min) to Shirley Train Station
- Nearby occupiers include One Stop convenience store, hair and beauty salon, public house and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises semi-detached children`s care home, arranged as a ground floor kitchen/dining room, lounge, staff room and a bathroom, with 4 bedrooms and 1 bathroom at first floor, providing the following accommodation and dimensions:
Ground Floor: Lounge, kitchen/dining, annexe, kitchenette, bathroom
First Floor: 4 bedrooms, bathroom
Total GIA: 136 sq m (1,463 sq ft)
Ground Floor: Lounge, kitchen/dining, annexe, kitchenette, bathroom
First Floor: 4 bedrooms, bathroom
Total GIA: 136 sq m (1,463 sq ft)
Tenancy Description
The property is at present let to Children`s Care Home Operator (Holding Over) at a current rent of £48,000 per annum. Vendor is in discussion with tenant about a new 5-year lease containing full repairing and insuring covenants. Deposit held of £11,250.
Tenancies & Accommodation
Location Description
The main shopping area in Shirley is less than three miles from the property and along the A34 Stratford Road one will be spoilt for choice with an array of facilities ranging from small speciality and convenience stores to a choice of major supermarkets and Superstores on the Retail Park, including the new Parkgate and Asda. Comprehensive bus services operate along the Stratford Road into the city of Birmingham and the nearby town centre of Solihull. There is a thriving business community along the Stratford Road which extends to the Cranmore, Widney and Monkspath Business Parks, and on to the Blythe Valley Business Park which straddle the junction of the M42 motorway. A short journey down the motorway will bring you to the NEC and Birmingham International Airport and Railway Station.