64 Station Rd | Birmingham B37 7BA
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64 Station Rd
Birmingham B37 7BA
Retail Property For Sale
Investment Highlights
- The premises consist of a ground floor retail / takeaway premises which has been refurbished to a high standard by the current occupier
- The premises are located within a predominantly residential area and benefit from high levels of footfall with Marston Green junior school in close
- The property occupies a prominent retail location on Station Road, Marston Green, just a short walk away from the train station.
- It benefits from glazed façade and pedestrian access door, modern collection area and servery with a rear commercial kitchen
- The ground floor retail is let on a 10-year lease expiring March 2032 at a passing rental of £20,800 per annum exclusive
- Off-street parking is provided to the front and rear of the property, with additional parking provided locally on street
Executive Summary
The ground floor retail is let on a 10-year lease expiring March 2032 at a passing rental of £20,800 per annum exclusive.
The residential element is let on a three-year AST at a passing rental of £12,000.
The residential element is let on a three-year AST at a passing rental of £12,000.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,603 SF
Building Class
B
Year Built
1930
Price
$715,985 CAD
Price Per SF
$447 CAD
Cap Rate
5.21%
NOI
$37,278 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.06 AC
Amenities
- Security System
- Storage Space
1 of 2
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