Your email has been sent.
287 Lichfield Rd 3,498 SF Retail Building Sutton Coldfield B74 2XH $1,141,093 ($326.21/SF)
Investment Highlights
- Freehold public house investment.
- Current rent of £67,795 per annum.
- We are instructed to invite offers in excess of £850,000 (7.56% NIY).
- Property arranged over three levels.
- Business unaffected by sale.
- The entire property is let to Zorbas Restaurant Limited.
- Lease expires July 2039.
- The rent is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year).
- Site extending to 0.20 acres.
Executive Summary
Freehold public house for sale let until July 2039 at a rent of £67,795 per annum The property comprises the ground, basement and first floor of a two storey detached building with painted elevations beneath a pitched roof.
Freehold public house investment The entire property is let to Zorbas Restaurant Limited Current rent of £67,795 per annum Lease expires July 2039 We are instructed to invite offers in excess of £850,000 (7.56% NIY) The rent is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year) Property arranged over three levels Site extending to 0.20 acres Business unaffected by sale Basement: The basement provides cellar and stores. Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables and chairs for 84 customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear. First Floor: The first floor comprises the managers office, ancillary storage, two staff rooms as well as a kitchen which is not currently used. Second Floor: The second floor provides additional attic storage space. External: There is an enclosed customer area to the rear with seating on loose tables, chairs and bench seating for 52 customers. There is parking to the rear for 9 vehicles.
The entire property is let to Zorbas Restaurant Limited on a 20 year lease from 31 July 2019 at a current rent of £67,795 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £52,821 is held by the landlord.
Property Facts Sale Pending
Amenities
- Bus Line
- Security System
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- -
- 2,000 SF
- -
- -
Poundland is a British discount retail chain founded in 1990, establishing its first store in Burton-upon-Trent. The business built its model around offering a variety of everyday products at simple, low price points, later expanding into broader categories including food, household items, health and beauty goods, and apparel. Its corporate headquarters is located in Walsall, where central operations, management activities and support functions are based. Over the years, Poundland has expanded across the United Kingdom and the Republic of Ireland, where it trades as Dealz. Notable developments in its history include the acquisition of rival 99p Stores in 2015, followed by a period under South African retail group Steinhoff. In recent years, the business has evolved beyond the original £1 price point, introducing multi-price ranges while retaining its focus on value retailing. In 2025, Poundland entered a new phase when ownership transferred to Gordon Brothers, reflecting a change in strategic direction and an effort to stabilise trading amid industry pressures. Poundland is privately held under its current ownership.
-
- -
- 3,498 SF
- -
- Jul 2039
Welcome to our restaurant in Sutton Coldfield where we serve a delicious Italian cuisine in a relaxing environment. Here at Romantica Restaurant we are focused on fresh produce, Pasta, meat, fish and vegetarian dishes as well as comprehensive daily specials. We pride ourselves on being child friendly and giving our customers delicious food in an environment to compliment the occasion. So whatever the occasion, family dinner or romantic evening business meeting, Romantica Restaurant is the perfect place. A warm welcome awaits you at Romantica Italian Restaurant. Come and visit us soon.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
- | 2,000 SF | - | - | ||
|
|
- | 3,498 SF | - | Jul 2039 |
Nearby Major Retailers
Presented by
287 Lichfield Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.