The building is situated on a prominent location fronting Hockley Hill, a busy slip road leading onto the A41 southbound into Birmingham City Centre. The Hockley Circus roundabout forms part of the Birmingham Inner Ring Road (A4540). Junction 1 of the M5 is located within 3 miles of the subject property. The A38(M) is located approximately 1 mile away connecting to the M6 and wider national motorway network.
The property comprises of a single storey warehouse/industrial unit at the rear with a three storey office building of brick construction surmounted by a flat felted roof to the front. Internally the office building benefits from concrete floors, UPVC double glazed windows, suspended ceiling incorporating CAT II lighting, gas fired central heating, air conditioning, a kitchen and separate WC facilities. The industrial unit benefits from a concrete floor, gas fired warm air heater blower, a mezzanine floor, fluorescent strip lighting, power points, a kitchenette and WC facilities. There are electric metal roller shutters to the doors & windows to the front & rear of the property.
There are two areas at the rear adjacent to each other which are currently utilised for car parking which can hold up to 13 & 15 cars respectively.
Energy Performance Certificate:
Details available upon request.
We are advised all main services are connected.
The property is currently let on a 10 year full repairing & insuring lease with effect from 1st October 2010 at a passing rent of £28,000 per annum exclusive. There is a tenant only break option at the 5th year of the term. The rear car park is let on a monthly rolling licence, at a rent of £500 per calendar month bringing in a total of £34,000 pax.
Tenure / Price:
The freehold interest is available to purchase at a quoting price of £375,000.
The property is currently listed within the 2010 rating listing as having a rateable value of £26,750. Rates payable will be in the region of £12,600 per annum respectively. Small business rate relief may apply.
Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.
Each party to be responsible for their own legal costs incurred during this transaction.