John Francis Estate Agents

About this property

  • Accommodation
    Ground Floor - 2 self-contained retail units. First Floor - office accommodation.
  • Viewing
    Commercial Dept 0844 848 4335
  • Description
    Long Leasehold Interest for sale held for a term of 99 years from 24 June 1961 at a ground rent of £375 pa. The premises has been underlet to Cooperative Bank Plc for a term of 15 years from 25th March 2004 at an initial basic rent of £32,000 pa (excl) with an upward only Rent Review on 24th June 2014. The head underlease has also been split further over two sub-underleases to form 28a The Kingsway and 1 Cradock Street. Further Lease details are available within the Legal Pack. The premises currently produces an attractive gross initial yield from 17.77%. EPAR D 95 & E 101
  • Vendor Solicitor
    Vicarage Court Solicitors, 6 Vicarage Road, Edgbaston, Birmingham B15 3ES Mr Sukhveer Singh
  • *Guide Price & Reserves
    Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Sales: John Francis is a trading name of Countrywide Estate Agents Limited, Registered in England Number 00789476. Registered Office Greenwood House, 1st Floor, 91-99 New London Road, Chelmsford, Essex, CM2 0PP.
Lettings: John Francis is a trading name of Countrywide Residential Lettings Limited, Registered Office Greenwood House, 1st Floor, 91-99 New London Road, Chelmsford, Essex, CM2 0PP. Registered in England Number 02995024. Countrywide Residential Lettings Limited is a member of and covered by the ARLA Propertymark Client Money Protection Scheme. Countrywide Residential Lettings Limited is an agent and subsidiary of Countrywide Estate Agents Limited, Registered in England Number 00789476, Registered Office: Greenwood House, 1st Floor, 91-99 New London Road, Chelmsford, Essex, CM2 0PP. Countrywide Estate Agents is an appointed representative of Countrywide Principal Services Limited which is authorised and regulated by the Financial Conduct Authority FRN 301684. VAT number 500 2481 05.

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