Property Information
Address:
Main Street, Solihull, West Midlands
, B90 1UB
, West Midlands
, United Kingdom
Price: Property no longer available.
Size: SOA
Primary Category: Commercial Property
All Categories:
Property Ref/Movehut: MH632099
Property Ref/Agent: 5771174
*Please use the agent ref when calling the agent directly.
Property description
Description
The property comprises the freehold reversion of a portfolio of 45 commercial units and 365 residential units. The current ground rent income is £7,103 (commercial) & £56,896 (residential) per annum, providing a gross income of £63,999 per annum. All leases are for a term of 999 years from 1st January 2003 and have RPI index linked rent reviews based on a 5 yearly review pattern, therefore offering excellent secure index linked income. The exception is 26 Main Street, where a further sum, fixed at £400 p.a. is payable in addition to the ground rent.
Constructed over a number of years from 1998 onwards the High Street provides various restaurants, along with amenities such as dry cleaners, opticians, beauty salon, hairdressers and pharmacy.
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