26 Manor Lane, Halesowen
Sold STC - £220,000
26 Manor Lane Halesowen, B62 8QB 26 Manor Lane, Halesowen, B62 8QB
Floor Area (Max)
1,012 SqFt ( 94 SqM )
This property is prominently located on Manor Lane in Halesowen and comprises a ground floor shop with self contained 1 bed flat above. The shop is currently occupied at a rent of £9,600 per annum, with the flat above currently being vacant, The flat was previously achieving £7,200 per annum and is currently on the market with Lex Allan Lettings for £6,900 per annum. There is potential for the first floor to also be used as office space, for this purpose the potential rent would be £5,000 per annum.
The ground floor is let to tenants trading as A Touch of Class on a lease commencing 14/01/2019 for a term of 6 years at a rent of £9,600 per annum. There is a rent review on the third anniversary. The tenant has a break clause at year 3 subject to 6 months prior notice.
The property benefits from allocated parking at the front with a garden at the rear.
The property is prominently located on Manor Lane (B4043) in Halesowen, with Halesowen Town Centre being only 2 miles away. Manor Lane provides access to the A456, the main route into Birmingham City Centre (7 miles). Junction 3 of the M5 is only a short distance away (2 miles) with the surrounding motorway network easily accessible via here.
Front Retail - 17.02 x 14.07 = 251 sq ft
Secondary Retail - 13.05 x 12.10 = 174 sq ft
Conservatory - 9.03 x 8.08 = 80 sq ft
Kitchen and WC facilities
1 bed flat above circa 450 sq ft
Rateable Value - £4,000
It is understood that an incoming tenant should benefit from 100% small business rate relief however confirmation should be sought from the relevant authority.
We are instructed to seek offers in the region of £220,000 for the Freehold interest.
Chris Jeffries/Harvey Pearson 01384 374888 firstname.lastname@example.orgemail@example.com
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T: 01384 374888