135-142 High Street Cradley Heath West Midlands B64 5HJ

  • 135-142 High Street<br>Cradley Heath<br>West Midlands<br>B64 5HJ

135-142 High Street
Cradley Heath
West Midlands
B64 5HJ

Freehold Retail Investment

  • Let to a Charity on new 5-year lease from November 2023 (no breaks)
  • Approximately 2,862 sq ft
  • Town centre location
  • Nearby retailers include Tesco Extra, Iceland Supermarket, Lidl, Lloyds Bank and JD Wetherspoon
  • Lot
    28
  • Auction
    15th February 2024
  • Rent
    £17,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £180,000
  • Auction Venue
    Live Streamed Auction
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Freehold Retail Investment

  • Let to a Charity on new 5-year lease from November 2023 (no breaks)
  • Approximately 2,862 sq ft
  • Town centre location
  • Nearby retailers include Tesco Extra, Iceland Supermarket, Lidl, Lloyds Bank and JD Wetherspoon
  • Lot 28
  • Auction 15th February 2024
  • Rent £17,500 per Annum Exclusive
  • Status Sold
  • Price £180,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
9 miles west of Birmingham City Centre, 10 miles south of Wolverhampton
Roads
A458, A491, A4036, A4100, M5
Rail
Cradley Heath Railway Station
Air
Birmingham Airport
Situation

The property is prominently situated in Cradley Heath town centre, on the north side of High Street. Nearby retailers include Tesco Extra, Iceland Supermarket, Lidl, Lloyds Bank and JD Wetherspoon.

Tenure

Freehold.

Location
Miles
9 miles west of Birmingham City Centre, 10 miles south of Wolverhampton
Roads
A458, A491, A4036, A4100, M5
Rail
Cradley Heath Railway Station
Air
Birmingham Airport
Situation

The property is prominently situated in Cradley Heath town centre, on the north side of High Street. Nearby retailers include Tesco Extra, Iceland Supermarket, Lidl, Lloyds Bank and JD Wetherspoon.

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground and first floors.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a shop arranged on the ground and first floors.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
(Approx sq ft)
Tenant Term Rent p.a.x.
Ground
First
Retail/Ancillary
Ancillary
184.12
81.77
(1,982)
(880)
CRADLEY HEATH COMMUNITY LINK CHARITABLE INCORPORATED ORGANISATION (1) 5 years from 17/11/2023
£17,500
Total  
265.89
(2,862)
   
£17,500

(1) Cradley Heath Community Link is a charitable non-profit organisation that provides a variety of support groups and services to the local community. A rent deposit of £5,250 is held by the landlord.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Structadene Group 9 White Lion Street
London
N1 9PD
James Thomson 0207 843 9196james.t@pearl-coutts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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