Middlemore Rd 8,587 SF Industrial Building Smethwick B66 2EA $2,436,068 CAD ($283.69 CAD/SF)

The property is held on a long leasehold interest for a term of 150 years from 1986, with approximately 110 years remaining. The ground rent is currently £250 per annum, rising to £360 per annum from 26th March 2036, and is subject to review every 25 years. The long leasehold interest is available at a quoting price of £1,300,000 subject to contract.
The property is let on a 5-year lease with effect from 1st September 2025 at a passing rent of £55,000 per annum exclusive. The rent is to increase to £57,000 per annum exclusive from 1st September 2026.
The premises comprise of a single storey detached steel framed building with full height brick elevations and two storey offices to the front. Internally, the property is arranged to provide a warehouse at ground floor level, which benefits from a solid concrete floor, three phase electric, sodium lighting, metal concertina shutter door and WC facilities.
There is also a mezzanine floor which has been fitted out with offices and is accessed from the front.