SOLD
Location:
The property is situated on Ellesmere Road, close to its junction with Alum Rock Road, which benefits from a mix of local retailers and commercial outlets, with national operators. Local occupiers include Greggs, TSB Bank and Betfred. Alum Rock Road is approximately 3.7 miles North East of Birmingham City Centre. The national motorway network is accessed via junction 6 of the M6 motorway which is approximately 2.5 miles north of the property. The property is approximately 0.6 miles east of Adderley Park Train Station which provides access to the Birmingham City Centre.
Description:
The property comprises of an end-terrace two-storey building of brick-built construction surmounted by a pitched tiled roof. Internally, the ground floor retail premises benefit from solid floor with tiled covering, plastered and painted walls and ceilings with inset LED spot lights, air conditioning, CCTV, WC facilities and a rear store. Externally, the property benefits from a glazed shop front, electric metal shutter and car parking to the rear.
Accommodation
Energy Performance Certificate:
Details available upon request.
Services:
We are advised all main services are connected to include mains water and electricity.
Mason Young Property Consultants has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.
Planning:
Interested parties should contact Birmingham City Council Planning Department on 0121 303 1115.
Tenure / Price:
The property is let on a 6-year lease with effect from 1st June 2020 at a passing rent of £13,200 per annum with a rent review every three years.
The June 2023 rent review is outstanding.
A premium of £15,000 is sought in respect of the location of the property. Further details are available upon request.
Business Rates:
The property is currently listed within the 2023 rating listing as having a rateable value of £13,000. Rates payable will be in the region of £6,487 per annum.
Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.
VAT:
We understand that the property is not elected for VAT.
Legal Costs:
Each party to be responsible for their own legal costs incurred during this transaction.
