Guide price
£325,000
(£84.50/sq. ft)
Retail premises for saleHowdles Lane, Brownhills WS8
3,846 sq. ft
About this property
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
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
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