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Freehold Commercial Investment , Walsall For Sale

Birmingham, West Midlands, England

  • Freehold Price: £1,700,000
Seller Reference: 4013
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Business Description
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Seller Reference: 4013
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Business Description
The property comprises a modern extensive ground floor retail unit with ancillary, staff and storage accommodation on first floor. The entire property is let to New Look Retailers Ltd, guaranteed by New Look Ltd, for a term of 25 years. Rent £134,500. We understand that the unit is not currently occupied. The tenant has an option to determine the lease on 25th December 2011. 25 years FRI lease. Gross initial yield of 7.9%. Offers are invited in the region of 1,700,000.
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