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Retail Investments for Sale

Soho Road, Birmingham, B21

£1,250,000.00 £119.90 /sf
10,425 sf
Retail Investments for Sale

Soho Road, Birmingham, B21

£1,250,000.00 £119.90 /sf
10,425 sf
The property comprises a two-storey building of traditional brick elevations with felt roof coverings that has been extended at the rear. Accessed directly off Soho Road there is a tarmacadam car park providing delivery access to both units. The property has been split into two retail units with first floor accommodation.

290 Soho Road
Let to Punjab National Bank (International) Limited on a term from 1st January 2009 expiring 31st December 2028 at a current passing rent of £30,000 per annum. The tenant has a break option on the 31st December 2023.

290a - 292 Soho Road
Let to Dalil Singh Bedi with effect from the 11th July 2016 expiring 10th July 2036 at a current passing rent of £50,000 per annum. The tenant has a break option on the 31/12/2023.

Current income £80,000 per annum.

Location

The property is situated fronting Soho Road in Handsworth set amongst a mix of national and local retailers in a busy roadside location. Soho Road (A41) provides access to Birmingham city centre approximately 2 miles to the south east whilst also providing access to junction 1 of the M5 motorway approximately 1 ½ miles distant.

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Investment property for SaleInvestment property for Sale in Birmingham
Johnson Fellows LLP
0121 643 9337
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Investment property for SaleBirminghamSoho Road, Birmingham, B21