£595,000
(£119.00/sq. ft)
Property for sale9 & 11 Watford Road, Cotteridge, Birmingham B30
5,000 sq. ft
Just added
Freehold
About this property
Freehold commercial investment
Producing £47,500 per annum
Established Cotteridge district centre location
Two retail units with rear workshop/storage accommodation
Description
An opportunity to acquire a freehold multi-let commercial investment comprising two retail units fronting Watford Road together with two rear workshop/storage units. The property currently produces a total passing rent of £47,500 per annum from four separate occupational tenants, providing a diversified income profile. The retail accommodation is let to Baxters Canine Pet Store and Acorns, whilst the rear accommodation is occupied by Staunton Sheds and B. Milligan. The investment occupies a prominent position within the established Cotteridge district centre and benefits from secure income together with future asset management potential.
Location
The property occupies a prominent position on Watford Road within the heart of Cotteridge, a well-established and popular suburb approximately 6 miles south-west of Birmingham city centre. Watford Road forms part of the area’s principal retailing and commercial centre and benefits from a mixture of national operators, independent retailers, cafés, convenience stores and community services. The location enjoys excellent road communications via the nearby A441 Pershore Road, providing direct access to Birmingham city centre and the wider West Midlands motorway network. Regular bus services operate nearby and Kings Norton and Bournville railway stations are within easy reach.
Investment Summary
* Freehold
* Passing Rent: £47,500 pa
* Guide Price: £595,000
* Gross Yield: 8.00%
* Four Income Streams
Tenancy Schedule
9 Watford Road – Baxters Canine Pet Store
Passing Rent: £16,000 per annum
Lease Expiry: 20 January 2031
Tenant Break: 20 January 2028
Rent Review: 20 January 2028
Lease Type: Fri
11 Watford Road – Acorns
Passing Rent: £14,000 per annum
Lease Expiry: 28 September 2028
Lease Type: Fri
S. Works – Staunton Sheds
Passing Rent: £9,000 per annum
Lease Expiry: New 3 Year Lease Agreed
Lease Type: Fri
L. Works – B. Milligan
Passing Rent: £8,500 per annum
Lease Expiry: To be confirmed
Lease Type: Fri
Viewings
By appointment only with Shepherd Commercial.
An opportunity to acquire a freehold multi-let commercial investment comprising two retail units fronting Watford Road together with two rear workshop/storage units. The property currently produces a total passing rent of £47,500 per annum from four separate occupational tenants, providing a diversified income profile. The retail accommodation is let to Baxters Canine Pet Store and Acorns, whilst the rear accommodation is occupied by Staunton Sheds and B. Milligan. The investment occupies a prominent position within the established Cotteridge district centre and benefits from secure income together with future asset management potential.
Location
The property occupies a prominent position on Watford Road within the heart of Cotteridge, a well-established and popular suburb approximately 6 miles south-west of Birmingham city centre. Watford Road forms part of the area’s principal retailing and commercial centre and benefits from a mixture of national operators, independent retailers, cafés, convenience stores and community services. The location enjoys excellent road communications via the nearby A441 Pershore Road, providing direct access to Birmingham city centre and the wider West Midlands motorway network. Regular bus services operate nearby and Kings Norton and Bournville railway stations are within easy reach.
Investment Summary
* Freehold
* Passing Rent: £47,500 pa
* Guide Price: £595,000
* Gross Yield: 8.00%
* Four Income Streams
Tenancy Schedule
9 Watford Road – Baxters Canine Pet Store
Passing Rent: £16,000 per annum
Lease Expiry: 20 January 2031
Tenant Break: 20 January 2028
Rent Review: 20 January 2028
Lease Type: Fri
11 Watford Road – Acorns
Passing Rent: £14,000 per annum
Lease Expiry: 28 September 2028
Lease Type: Fri
S. Works – Staunton Sheds
Passing Rent: £9,000 per annum
Lease Expiry: New 3 Year Lease Agreed
Lease Type: Fri
L. Works – B. Milligan
Passing Rent: £8,500 per annum
Lease Expiry: To be confirmed
Lease Type: Fri
Viewings
By appointment only with Shepherd Commercial.
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Monthly repayment
£2,976 per month
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