£187,500
(£208.80/sq. ft)
Retail premises for sale4 Cliff Rock Road, Rednal, Rednal B45
898 sq. ft
Just added
About this property
Investment
Small retail investment for sale on one of Birmingham’s main arterial roads connecting with the M5
Let to an established hairdressers who have been in occupation since 2007
Recently completed new 10 year Fri lease from 22 July 2026 expiring in 2036
Upward only open market review as at 22 July 2031
Rent for the first 2 years is £14,000 per annum rising to £16,000 per annum from year 3 until July 2031 whereupon there is an upward only open market rent review
The vendor will top up the rent to the headline figure of £16,000 pa upon completion
Offers invited at £187,500 to show a return of 8.5% on the rent of £16,000 per annum before costs
Capital value approximately £209 per ft2
The property is not elected for VAT
Small retail investment for sale on one of Birmingham’s main arterial roads connecting with the M5
Let to an established hairdressers who have been in occupation since 2007
Recently completed new 10 year Fri lease from 22 July 2026 expiring in 2036
Upward only open market review as at 22 July 2031
Rent for the first 2 years is £14,000 per annum rising to £16,000 per annum from year 3 until July 2031 whereupon there is an upward only open market rent review
The vendor will top up the rent to the headline figure of £16,000 pa upon completion
Offers invited at £187,500 to show a return of 8.5% on the rent of £16,000 per annum before costs
Capital value approximately £209 per ft2
The property is not elected for VAT
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Monthly repayment
£937 per month
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