258 Soho Road, Handsworth

Birmingham B21 9LX 

Tel:0121 523 8004  info@cityestatesmid.com  Fax:0121 551 3043 

FOR SALE Retail Investment Lease

 

RETAIL UNIT AT 38-42 BROAD STREET BROMSGROVE

 

 

 

1.     INDEX

2.     OVERVIEW of PROPOSAL

3.     THE PREMISES (p1)

4.     THE PREMISES (p2)

5.     RECENT DIRECT COMPARABLE

6.     OTHER RECENT COMPARABLES

7.     SITE PLAN

8.     LEASE PLAN

 

 

C:         PAUL REYNOLDS

T:         0121 523 8004

F:         0121 551 3043

M:        07703 352 296

E:         paul@cityestatesmid.com

W:       www.cityestatesmid.com

 
FOR SALE

 

 

 

RETAIL UNIT at 38-42 BROAD STREET BROMSGROVE

 

 

VIRTUAL FREEHOLD

·       999 Year Lease (New Lease)

·       Peppercorn Rent only

·       Retail Store and Car Park

·       3,300 sq.ft.  (309.36 sq.M)

 

WITH OCCUPATION SUBLEASE IN PLACE

·       Sub-Lessees – TATES LIMITED (a Subsidiary of A.F.BLAKEMORE)

·       Term – 15 Years (New Sublease)

·       Reviews to Open Market Value  at 5 & 10 Years

·       Break Option at 10 Years

·       Rent - £39884 p.a.

·       Rent Free Period –  expires 21st June 2011

 

OFFERS INVITED

 

AVAILABILITY - Immediate

 

This is a brief guideline prospectus for the Retail Element comprised in the Development in Progress at Broad Street Bromsgrove.

All details are provisional pending completion of the Lease and Sublease, may be subject to revision and should not be regarded as constituting “Particulars of Sale”.

 

 

  

11.