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A long leasehold industrial investment in Aston is offered at £225,000, with a detached industrial building, covered side area and secure front yard.
The building provides approximately 3,569 sq ft of ground-floor accommodation. A tenant lease runs for ten years from February 2023, with a tenant break in January 2028 and scheduled rent reviews.
Contact the agent to discuss your requirements, request further particulars or arrange a viewing.
Leasehold
The property is held on a 99-year lease from January 1987 at a ground rent of £14,000 per annum, subject to seven-year reviews. The occupational lease runs for ten years from 1 February 2023, with rent scheduled to increase from £30,000 to £33,000 per annum exclusive from 1 February 2025 and two-yearly reviews thereafter. There is a tenant-only break on 31 January 2028. The property is not elected for VAT.
The property is in Aston, approximately two miles north-east of Birmingham City Centre. Local bus and rail connections serve the area, with the M6 less than two miles away.
The detached portal-framed building has block and brick elevations beneath an insulated pitched roof with translucent roof lights. Ground-floor accommodation extends to approximately 3,569 sq ft. A separate covered side area is approximately 875 sq ft, and the external front yard is approximately 2,252 sq ft. Features include concrete flooring, strip lighting, window security grilles, inset ceiling lights, kitchen and WC facilities, and palisade fencing to the yard. Mains gas, water and electricity are connected; services have not been tested.
