Location: The property is located in Alcester having the shop on the prominent high street with off-street parking for customers and having other branded shops, bank, post office and other retail business keeping the street busy with customers and pubs and restaurants.
Description: Commercial investment property as a shop on the ground floor and part first floor, along with ground rent from the four flats above. The shop has 2 car par at the rear yard.
The ground floor shop has been given on rent to Lloyds Pharmacy which has been there since 1979 and the new lease in place for 10 years from 29/09/2016. Rent review every 5 years and next rent review in 2021.
Rental income: £20,000 per annum.
Ground rent: £600 per annum from the four flats which are on lease for 125 years from 2011, ground rent doubles every 25 years.
Tenure: The property is held Freehold £375,000
Total Rental Income: £20,600 per annum.
Call BTC for further details and appointment for viewing: 020 8889 7474 or email us on firstname.lastname@example.org