794 - 798 Bristol Road S, Birmingham, WMD

The property comprises an end of terrace building of concrete frame and cladding, arranged over basement, ground and one upper storey. The building was constructed around the 1970's and refurbished in 2006/2007, totalling 5,225 sq ft NIA.
The property is located on one of the main retail thoroughfares in the Northfield area of Birmingham, with return frontage onto both Bristol Road South and Rochester Road. Northfield is close to the A38 and A441 with J4 of the M5 around 2 miles south west, and J3 of the M42 around 5 miles south east.

Sale Notes:
The investment opportunity comprises an A2 retail property let to the undoubted covenant of Lloyds TSB Bank plc. The property is in a busy retail thoroughfare and has undergone extensive refitting in recent years.
Offers in the region of £1,050,000 are sought, which would produce an initial yield in excess of 6.5% prior to costs. The entire property is to be let to Lloyds TSB Bank plc on a new 10 year FRI lease from 25/12/2011 with an upwards only rent review in June 2016 at a passing rent of £70,000 pa exclusive.