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287 Lichfield Rd 3,498 SF Retail Building Sutton Coldfield B74 2XH $1,566,714 CAD ($447.89 CAD/SF)
INVESTMENT HIGHLIGHTS
- Freehold public house investment.
- Current rent of £67,795 per annum.
- We are instructed to invite offers in excess of £850,000 (7.56% NIY).
- Property arranged over three levels.
- Business unaffected by sale.
- The entire property is let to Zorbas Restaurant Limited.
- Lease expires July 2039.
- The rent is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year).
- Site extending to 0.20 acres.
EXECUTIVE SUMMARY
Freehold public house for sale let until July 2039 at a rent of £67,795 per annum The property comprises the ground, basement and first floor of a two storey detached building with painted elevations beneath a pitched roof.
Freehold public house investment The entire property is let to Zorbas Restaurant Limited Current rent of £67,795 per annum Lease expires July 2039 We are instructed to invite offers in excess of £850,000 (7.56% NIY) The rent is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year) Property arranged over three levels Site extending to 0.20 acres Business unaffected by sale Basement: The basement provides cellar and stores. Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables and chairs for 84 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear. First Floor: The first floor comprises the managers office, ancillary storage, two staff rooms as well as a kitchen which is not currently used. Second Floor: The second floor provides additional attic storage space. External: There is an enclosed customer area to the rear with seating on loose tables, chairs and bench seating for 52 customers. There is parking to the rear for 9 vehicles.
The entire property is let to Zorbas Restaurant Limited on a 20 year lease from 31 July 2019 at a current rent of £67,795 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £52,821 is held by the landlord.
PROPERTY FACTS Sale Pending
AMENITIES
- Bus Line
- Security System
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- -
- 2,000 SF
- -
- -
Since opening their first store in Burton-upon-Trent in 1990, Poundland have built a network of hundreds of stores in the UK and the Republic of Ireland, offering top brands and great quality own brand products that provide customers with amazing value every day. They serve up to millions of customers every week from Aberdeen to Abingdon, Londonderry to Llandudno and Peterborough to Poole. They offer thousands of quality products in store with many well-known brands in shopping categories including food and drink, health and beauty, household, gardening, DIY, pet, stationery, books, DVDs and toys. Within the UK they’ve also rolled out clothing to their larger stores, offering women’s, men’s and kids’ fashion and bringing new style to their stores with simple low pricing on family fashion that’s hard to find on local high streets.
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- -
- 3,498 SF
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- Jul 2039
Welcome to our restaurant in Sutton Coldfield where we serve a delicious Italian cuisine in a relaxing environment. Here at Romantica Restaurant we are focused on fresh produce, Pasta, meat, fish and vegetarian dishes as well as comprehensive daily specials. We pride ourselves on being child friendly and giving our customers delicious food in an environment to compliment the occasion. So whatever the occasion, family dinner or romantic evening business meeting, Romantica Restaurant is the perfect place. A warm welcome awaits you at Romantica Italian Restaurant. Come and visit us soon.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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- | 2,000 SF | - | - | ||
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- | 3,498 SF | - | Jul 2039 |
NEARBY MAJOR RETAILERS
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287 Lichfield Rd
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