Acquired
Smethwick – Cake Shop
578 Bearwood Road, Smethwick, Birmingham, West Midlands B66 4BWVirtual Freehold Retail Investment
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
2y 1m
Area
872 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor shop t/a cake shop
- Occupiers nearby including Halifax, Costa Coffee, Poundland, ALDI and many more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
The property comprises ground floor lock-up shop t/a cake shop, providing the following accommodation and dimensions:
Ground Floor: 81 sq m (872 sq ft)
Main retail area, Kitchen, Storage, WC
Ground Floor: 81 sq m (872 sq ft)
Main retail area, Kitchen, Storage, WC
Tenancy Description
The property is at present let to AKMSQUARE Ltd for a term of 5 years from 10th January 2022 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Tenant option to determine on 10.01.25. Personal guarantee. Deposit held of £9,000 (inc. £1,500 VAT)
Tenure:
Long Leasehold. Held on a 999 year lease from 11 January 2022 at a ground rent of peppercorn.
Tenure:
Long Leasehold. Held on a 999 year lease from 11 January 2022 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Smethwick is an industrial town in Sandwell, West Midlands, England. It lies four miles west of Birmingham city centre. The M5 motorway, which can be joined just 3 miles away, provides excellent links to a number of the country’s main arterial routes. The open spaces of Lightwoods Park are within walking distance. Occupiers nearby including Halifax, Costa Coffee, Poundland, ALDI and many more.