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23 Market Place, Great Bridge, Tipton DY4 7EL

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Property Overview

Rent: P.O.A.
Type: Investment Properties
Size: 2,594 sq. ft / 241 sq. mtrs
Tenure: To Let
Description:

Detailed Information

Location

The property is located on Market Place, just off the A461 Horseley Heath Road close to its junction with Great Western Way, opposite the bus interchange. The surrounding area comprises a mix of local and national retailers supported by a large residential catchment.

Description

The large mid terrace property comprises a ground floor retail premises which currently trades as a nail salon and first floor food premises with seperate access from the street.

The property is being sold as a fully let investment property with the tenants in occupation, the lease summary and rental income details are below.

Accommodation

(Approximate internal areas)

Ground Floor Nail Salon:

Total          1069ft²

First Floor retaurant/cafe:

Total           1525t²

Lease summary

Ground Floor lease

Tenant: Phuong Thi Pham

Rent: £10,000 per annum exclusive.

Lease Term: 6 Year lease term from 1/10/2023

Repairs: Fully repairing and insuring terms

Rent Review: RPI rent review

First Floor lease

Tenant: James Reeder

Rent: £12,000 per annum exclusive.

Lease Term: 6 years from 1st January 2024

Repairs: Fully repairing terms

Rent Review: RPI 6th anniversary

Total Rental Income

£22,000 per annum exclusive

Rental Income

£22,000 per annum exclusive

Purchase Price

£275,000 exclusive

VAT

May apply

EPC

tbc

Subject to Contract

Viewing strictly by appointment with Michael Tromans & Co LLP

01902 425646

tromansandco@aol.com

10/1/2025

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Michael Tromans & Co is the trading name of Michael Tromans & Co LLP. Michael Tromans & Co LLP is a Limited Liability Partnership registered in England and Wales.
Registered Office: 6 Waterloo Rd, Wolverhampton, West Midlands WV1 4BL. Registered No. OC358112.

MISREPRESENTATION ACT 1967: Michael Tromans & Co. for itself and for the vendors or lessors of this property whose agents they are given notice that the particulars are a general outline only for the guidance of intending purchasers or lessees, and do not constitute an offer of contract. All descriptions and any other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. No employee of Michael Tromans & Co. has any authority to make or give any representation or warranty whatever in relation to this property.