Heathland Avenue, Shard End | Property for sale | Savills
3,990 to 3,990 sq ft(370.68 to 370.68 sq m)
Asking price £725,000($1,429,106)
subject to contract & exclusive of VAT

Heathland AvenueShard End

  • Under offer
  • Freehold
Investment
3,990 sq ft (370.68 sq m)

Key features

  • Newly constructed convenience store investment opportunity
  • 6.6 miles north-east of Birmingham City Centre in residential area
  • Highly prominent site, extending to approximately 0.16 acres
  • Main road frontage
  • Fully let to Heron Foods Limited with over 8.4 years unexpired
  • Commercial investment let to extremely strong occupier
  • Heron Foods Limited have a 5A1 Dun & Bradstreet rating
  • Initial passing rent of £53,000 per annum equating to £13.28 psf
  • Five yearly open market rent reviews

Newly Constructed Convenience Store Investment.

About this property

  • The property was constructed within the last 2 years and extends to approximately 3,990 sq ft (GIA). Internally, the property has been fitted out in the Heron Foods Limited corporate branding and style. The property incorporates: chest freezers, chilled cases, isle shelving and three point of sale terminals. To the rear of the property there is a stock storage area, staffroom, partitioned managers office, walk in chiller and disabled WC. The property is of brick and block construction with a pitched and tiled roof. To the front of the property there is ample car parking and service yard area to the rear. The property has dual access from both Heath Way and Heathland Avenue.

Local information

  • The property is located in Castle Bromwich, approximately 6.6 miles to the north of Birmingham City Centre. The property is situated in the heart of a large residential suburb, with over 12,000 residents living in the immediate area.
  • The property is situated less than a mile from Junction 5 of the M6 Motorway, which connects Castle Bromwich with Birmingham City Centre via the A38(M). Lee Hall railway station, situated 1.6 miles south of the property, provides a direct link to Birmingham New Street in just 9 minutes with trains running every 20 minutes. A bus stop is conveniently positioned to the front of the property providing access for the wider community.

Additional information

  • We are instructed to seek offers in the order of £725,000 (Seven Hundred and Twenty Five Thousand Pounds) subject to contract and exclusive of VAT.
  • A purchase at this level reflects a Net Initial Yield of 6.94%, assuming standard purchaser’s costs of 5.35%

Energy performance

The property has an EPC rating ‘A’.