Northampton House, 1-3 High Street & 53-55 Poplar Road, Solihull, B91 3APDownload the Sales Brochure Make an enquiry
The property is located in Solihull town centre opposite the Poplar Arcade entrance into Touchwood on the corner of High Street and Poplar Road. The property comprises a ground floor convenience store with separate upper floor offices. The convenience store is let to Tesco Stores Ltd on a new 20 year lease, 10 year tenant break option, with 5 yearly upward only reviews to RPI, collared at 0% and capped at 2.5% per annum compounded. The WAULT across the property is 8 years to break and 16.6 years to expiries. The average rent on the office accommodation is low at £12.47 per sq.ft. The total rent is £189,532 per annum. Offers sought in excess of £2,740,000 which reflects a net initial yield of 6.50%.