Retail For Sale | 6,245 Sq Ft (580.16 Sq M) | £1,200,000 Offers in excess of
The Property is situated in a prime location fronting onto the High St in Solihull town centre. Solihull is an affluent town in the West Midlands and the premises is in close proximity to the popular Touchwood Shopping Centre and John Lewis department store. Solihull is 7.5 miles southeast of Birmingham City Centre, 18 miles northwest of Warwick, and 14 miles west of Coventry. It enjoys excellent road connectivity, with the A41 offering direct routes to Birmingham in the north and London in the south via the M42 and M40.
The property comprises of a Retail Unit which is currently laid out as predominantly open plan with ancillary offices and storage rooms to the rear, along with kitchen facilities and WCs. The first floor comprises office space.
The Solihull Cards Direct is the only Cards Direct in the West Midlands with a total passing rent of £85,000 per annum. Offers are invited for our Clients freehold interest in excess of £1,200,000 (One Million, and Two Hundred Thousand Pounds). An acquisition at this level would reflect a gross yield of 7.1% at a capital value of £192.18 per square foot.
The Property has been measured on a Gross Internal Area (GIA) basis in accordance with the RICS Code of Measuring Practice.
The total Property GIA is 6245 sq ft (580.17 sq m). The ground floor measures 2855.1 sq.ft (GIA). The first floor measures 3390 sq.ft (GIA).
Each party is to be responsible for their own legal costs which may be incurred in this transaction.
This property is elected for VAT and anticipate the sale will be undertaken as a Transfer of a Going Concern (TOGC).
This Property has an EPC rating of E (112). A copy of the certificate is available upon request.