FREEHOLD SUBURBAN RETAIL/OFFICE INVESTMENT

Location
The property is located in the suburban shopping centre in Catshill north of Bromsgrove town centre.

Golden Cross Lane
Catshill
Bromsgrove
B61 0JZ

Description
The property comprises two ground floor retail shops with first floor offices above. The offices have independent rear access via a side gated entrance. The building is 2 storey brick and tile constructed in the 1970s.Both shops are presently tenanted. The offices are vacant. Summary details are set out below.

Shop 1 – Let on a 20 year Lease from 01 April 2001 at a current rental of £9,500 per annum. There are rent review clauses every fifth year, the next review being due in 2011. Current use – (A5) Chinese takeaway

Shop 2 – Let until 2010 at a rental of £8,000 pa – current use (A1) Butchers Shop

First Floor Offices – 66 sq metre gross internal partitioned into 6 offices. Vacant.

Price
£350,000 (three hundred and fifty thousand pounds) subject to contract.

Services
All mains services are available for connection.

Costs
Each party is to be responsible for their own legal costs incurred in the transaction.

Viewing
To arrange a viewing please call Cole-Raine – 01527 577882.

Misrepresentation Clause: These particulars are published as a guide but their accuracy cannot be guaranteed. Neither the particulars nor the statements made by or on behalf of Paul Raine and Associates or their agents are intended to form part of a contract of sale or warranty. All liability in negligence or otherwise for any loss arising from the use of these particulars is hereby excluded.