SOLD
Location:
The property is situated fronting Washwood Heath Road (B4114) in the Washwood Heath area of Birmingham. The premises are conveniently located for access throughout Birmingham via the A47 Heartlands Parkway to the west along with Bromford Lane (A4040) allowing convenient access to J6 of the M6 motorway at Spaghetti Junction. Birmingham city centre is approximately 6 miles from the premises via the A38.
Description:
The property comprises of a two-storey terraced building of brick-built construction surmounted by a pitched roof and a glazed shop front. Internally the unit benefits from tiled flooring, a suspended ceiling with inset lighting and a small office to the rear. The first floor of the property consists of carpet flooring, plastered and painted walls, fluorescent strip lighting and WC facilities. Externally there is an electric metal roller shutter to the front.
Accommodation
Energy Performance Certificate:
Details available upon request.
Services:
We are advised all main services are connected to include mains gas, water and three phase electricity.
Planning:
We understand that planning has been granted for A1 retail use.
Interested parties are requested to make their own enquiries to Birmingham City Council Planning Department on 0121 303 1115.
Terms:
The entire property is currently let on a 10-year lease with effect from August 2020, the passing rent is currently at £18,000 per annum exclusive. There is an increase to £20,000 per annum excusive with effect from 18th August 2021. There is also a upward only rent review at the 5th year.
Tenure / Price:
The Freehold interest is available at a quoting price of £265,000, subject to contract.
The property is let on a 10-year lease with effect from August 2020, the passing rent is £20,000 per annum exclusive. There is an upward only rent review at the 5th year.
Business Rates:
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.
