Solihull is an affluent and attractive town located in the West Midlands. It is situated approximately 7.5 miles (12.1 km) south east of Birmingham, 18 miles (29 km) north west of Warwick and 14 miles (23 km) west of Coventry.
The town benefits from excellent road communications being located next to the A41 leading north to Birmingham city centre and south to the M42 at Junction 5. The M42 links the town to the M40 and M6 motorways respectively.
The town has an excellent commuter rail service to Birmingham New Street with a journey time of approximately 21 minutes, with 6 services per hour at peak times. The town also benefits from regular trains to London with a fastest journey time of approximately 1 hour 30 minutes.
Solihull is set to benefit from HS2 Interchange Station, a proposed major new gateway linking Solihull to Birmingham Airport and Birmingham International Station.
The property comprises a large ground floor shop with first floor ancillary accommodation.
There has been a recent extension made to the rear of the property which has increased the ground floor area by approximately 1,200 sq ft.
A schedule of accommodation can be viewed within the link below.
Freehold under Title number WM796901.
The property is let in its entirety to GR & MM Blackledge plc on a 10 year full repairing and insuring lease from 4th November 2019 at a current rent of £145,000 per annum. The lease has an upwards only rent review on the fifth anniversary of the term date. There are no break options.
Bodycare (GR & MM Blackledge plc)
D&B rated 4 A1
Founded in 1970 by Graham and Margaret Blackledge, Bodycare offers a diverse range of premium fragrances, hair and skin care products. The company has over 130 stores nationwide.
GR & MM Blackledge plc t/a Bodycare (01764610) is rated 4 A1 by Dun and Bradstreet, indicating a minimum risk of business failure.
Further information can be found within the link below.
The property has been elected for VAT. We anticipate that the transaction will be treated as a Transfer of a Going Concern (TOGC).
Offers sought in excess of £2,100,000 reflecting a net initial yield of 6.50%
Subject to contract and exclusive of VAT.
Yields are net of purchaser's costs of 6.30%