A ground floor commercial property has come up for sale at the popular West Gate Plaza in West Bromwich.
Commercial property agent Bond Wolfe is inviting offers based on £695,000 for the long leasehold on the retail property in West Gate Plaza.
The property is an investment opportunity in a popular retail parade, with residential accommodation above. It is situated on the ground floor opposite the police station at 4 Moor Street, West Bromwich.
The 939 square feet property is let to a regional pharmacy for 25 years from July 2007 at a passing rent of £54,120 per annum. This reflects a net initial yield of 7.4 per cent after usual purchaser’s costs.
Next to the Lyng Medical Practice, its appeal is enhanced by being surrounded by residential properties. It is also conveniently located a short walk from both the tram and bus station.
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