The property is located within a parade of retail units set back from the main Warstone Lane on Warstone Mews. Local amenities are within walking distance including high street banks, post office, Tesco Express and Subway. There are excellent transport links all located within walking distance. Birmingham City Centre is located approximately 1 mile away.
The property comprises a mid-terraced two storey retail unit of brick-built construction surmounted by a pitched tiled roof. Internally the property consists of a ground floor fully fitted retail area and further workshop/office space on the first floor together with a small kitchen area and WC accommodation. Internally the property benefits from laminated flooring, gas fired central heating, inset ceiling lights, metal roller shutters to doors and windows and alarm. Externally there is one car parking space to the front of the property.
Energy Performance Certificate:
Details available upon request.
We are advised all main services are connected.
We have been informed that planning permission has been granted for A1 retail use.
Interested parties should contact Birmingham City Council Planning Department on 0121 303 1115.
Tenure / Price:
The property is let on a 5-year FRI lease with effect from 1st February 2017 at a passing rent of £20,000 per annum exclusive.
A premium of £30,000 is sought in respect of the fixtures and fittings & goodwill. Further details are available upon request.
Business Rates:The property is currently listed within the 2017 rating listing as having a rateable value of £16,500. Rates payable will be in the region of £8,118 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.
We understand that the property is not elected for VAT.
Each party to be responsible for their own legal costs incurred during this transaction.