Property overview

2C & D, Wake Green Road, Moseley, Birmingham, B13 9EZ

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Mar 2020

The property comprises a prime neighbourhood retail investment located in the heart of the affluent Birmingham suburb of Moseley.  Located on Wake Green ROad 250m from the centre of Moseley and less than three miles from Birmingham city centre.  Two end terrace retail units with three residential apartments.  The retail units trade as Chemycare Pharmacy and Carter’s of Moseley, a renowned Michelin starred restaurant.  Long let with a WAULT of over 18.5 years to lease expiries with the three apartments let on ASTs.  Total passing rent of £73,200 per annum with the Chemycare Pharmacy subject to five yearly RPI rent reviews.  Freehold.  Offers sought in excess of £1,060,000 which reflects a net initial yield of 6.53%.  Consideration will also be given to a sale of the retail units only.