£325,000

Retail premises for sale

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Guide price

£325,000

(£84.50/sq. ft)

Retail premises for sale

Howdles Lane, Brownhills WS8

3,846 sq. ft

Local area information

Property location

Nearby amenities

  • Brownhills School 0.2 miles
  • Watling Street Primary School 0.4 miles
  • Landywood 3.8 miles
  • Shenstone 3.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • The leasehold property comprises of a convenience store/post office
  • With two 3-bed flats above & two garages
  • Ground floor is 2,264 sq ft; Flat:1 is 775 sq ft; Flat:2 is 807 sq ft
  • Held on a fr&I lease from Walsall Metropolitan Borough Council
  • Total passing rent of £34,132 p.a.
Tenancy Schedule
Held on a fr&I lease from Walsall Metropolitan Borough Council for a term of 150 years from 26.11.2015 at a ground rent of a peppercorn (approx. 140 years unexpired)
Entirely let on a lease expiring 2034 (no breaks)
Total passing rent of £34,132 p.a.
Fixed rental uplift in November 2029 to £37,684 p.a.

Location
The property is situated on the east side of Howdles Lane, within in an established neighbourhood parade close to its junction with Watling Street approx. 1mile north of the town centre
The town is served by the A452 and A461 roads which provide access to the M6 motorway via Walsall (Junctions 8,9 and 10) and to the A5 dual carriageway
Brownhills is located 5 miles north-east of Walsall and 12 miles north of Birmingham city centre
Occupiers close by are predominantly residential along with a variety of local businesses

More information

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  1. Zoopla
  2. Commercial for sale
  3. West Midlands
  4. Walsall
  5. Brownhills
  6. Howdles Lane