Acquired
Birmingham – Barber`s
576 Bearwood Road, Smethwick, Birmingham B66 4BWVirtual Freehold Retail Investment
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
10m
Area
753 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises mid-terrace ground floor shop t/a Barber`s
- Situated in the town centre, on the west side of Bearwood Road, in between Anderson Road and Adkins Lane, with occupiers close by including Aldi, Holland & Barrett, Costa Coffee, Peacocks, Costa Coffee, Iceland and the Bearwood Shopping Centre.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises mid-terrace ground floor shop providing the following accommodation and dimensions:
Ground Floor: 70 sq m (753 sq ft)
Open plan retail, storage, ancillary, wc
Ground Floor: 70 sq m (753 sq ft)
Open plan retail, storage, ancillary, wc
Tenancy Description
The property is at present let to an Individual t/a Barber Shop for a term of 5 Years from 27th May 2021 at a current rent of £11,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 27.05.25 open market upward only. Rent review from 2023 outstanding. Deposit held of £3,960 (inc VAT)
Tenure:
Long leasehold. Held on a 999 year lease from 17th December 2021 at a ground rent of peppercorn.
Tenure:
Long leasehold. Held on a 999 year lease from 17th December 2021 at a ground rent of peppercorn.
Tenancies & Accommodation

Location Description
Birmingham is the administrative centre of the West Midlands serving a population of some 1 million and is located at the heart of the national motorway network. Smethwick is a popular town located approximately 4 miles west of Birmingham city centre. Occupiers close by include Aldi, Holland & Barrett, Costa Coffee, Peacocks, Costa Coffee, Iceland and the Bearwood Shopping Centre.