Under Offer - 41 George Street, Birmingham

Under Offer
Under Offer - 41 George Street, Birmingham

  • High yielding retail investment opportunity.
  • Located on George Street, Birmingham in the Jewellery Quarter district and close to St Pauls Square.
  • Two ground floor retail units let to one tenant, with prominent frontage on to George Street.
  • 1,187 sq ft NIA.
  • The property is let in its entirety to Michael and Violet Chand T/A Rosella’s Café & Convenience, at a rent of £14,900 p.a.
  • The property is held long leasehold for a term of 125 years, commencing from 30 May 2002 to 30 May 2127 at a peppercorn rent.
  • Offers in the region of £185,000 (One Hundred and Eighty Five Thousand Pounds) subject to contract and exclusive of VAT reflecting a net yield of 7.88% after purchaser’s costs of 2.23%.
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