Tamworth Street, Lichfield
£450,000
Property Features
- Mixed Use Investment Opportunity
- Rent £28,000 per annum
- 10 year full repairing and insuring lease
- Highly prominent road frontage on busy crossroads junction
- Parking to the side of the property
Property Summary
**MIXED USE INVESTMENT**
Jayman Commercial are pleased to offer for sale this rare freehold investment opportunity comprising retail shop and two bedroom flat above (self contained). Prominently located at the junction of Tamworth Street and George Lane, it is one of the busiest and most prominent locations in Lichfield. There are two parking spaces to the side of the property.
The property is let in it's entirety to an individual trading as a barbers on a full repairing lease from 1 April 2024 at a rent of £28,000 per annum. The lease is for 10 years and there is a tenant break option at the end of the 5th year. There are rent reviews every 2.5 years.
At the purchase price this provides a gross yield of 6.2% (excluding buyer's costs).
Please contact the selling agents Jayman Commercial in Lichfield should you wish to view or require further information.
Jayman Commercial are pleased to offer for sale this rare freehold investment opportunity comprising retail shop and two bedroom flat above (self contained). Prominently located at the junction of Tamworth Street and George Lane, it is one of the busiest and most prominent locations in Lichfield. There are two parking spaces to the side of the property.
The property is let in it's entirety to an individual trading as a barbers on a full repairing lease from 1 April 2024 at a rent of £28,000 per annum. The lease is for 10 years and there is a tenant break option at the end of the 5th year. There are rent reviews every 2.5 years.
At the purchase price this provides a gross yield of 6.2% (excluding buyer's costs).
Please contact the selling agents Jayman Commercial in Lichfield should you wish to view or require further information.