12 UNITY PLACE, OLDBURY, WEST MIDLANDS, B69 4DB

GROUND FLOOR CAFE/RESTAURANT – LEASE FOR SALE

Restaurant/Takeaway

£8,000
Location:

The property is situated in a prominent location fronting Unity Place in Oldbury.  The property is surrounded by a mixture of retail & residential and is located approximately 5 miles West from Birmingham City Centre. J unction 2 of the M5 Motorway is located approximately 1.2 miles from the subject premises.  Sandwell & Dudley train stop is approximately 0.5 miles from the premises.

Description:

The property is a two-storey building with brick elevations surmounted by a pitched slate roof.  The retail unit is self-contained and located on the ground floor.  Internally the property benefits from a glazed shop front, tiled flooring, plaster & painted walls, extraction canopy, cold room, suspended ceiling incorporating spot lights and WC facilities.  Parking is also available at the front of the premises.

Accommodation
Retail
708 Sq Ft
66 Sq M
Total Sq Ft:
708 Sq Ft
Total Sq M:
66 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected.

Tenure / Price:

The property is let on a 15 year FRI lease with effect from 1st May 2019 at a passing rent of £7,800 per annum exclusive.

A premium of £8,000 is sought in respect of the fixtures and fittings. Stock as value. Further details are available upon request.

Business Rates:

The property is currently listed within the 2015 rating listing as having a rateable value of £4,350. Rates payable will be in the region of £2,083.65 per annum respectively. Small business rate relief may apply.

Interested parties are advised to make their own enquiries to Sandwell Metropolitan Borough Council on 0121 368 1100.

VAT:

This property is not elected for VAT

Legal Costs:

Each party to be responsible for their own legal costs incurred during this transaction.

Viewing:
Strictly by prior appointment with the sole agents,
Mason Young Property Consultants.
Contact Details:
Arjamand Farooqui BSc (Hons)
Tel: 0121 285 3535
Mob: 07929 410 481
Email: af@masonyoung.co.uk

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