2 STOCKWELL ROAD, HANDSWORTH, BIRMINGHAM, B21 9RJ

TWO STOREY RESTAURANT PREMISES – LEASE FOR SALE

Business

Restaurant/Takeaway

Retail

Location:

The property is situated in a prominent location on Stockwell Road and front Oxhill Road in Handsworth.  Stockwell Road is accessed via College Road.  Birmingham City Centre is located approximately 3.4 miles south east from the subject premises.  Hamstead Train Station is located approximately 1.3 miles from the premises and benefits from regular public transport.

Description:

The property is a two-storey building of brick-built construction surmounted by a pitched slate roof.  The accommodation internally benefits from a glazed shop frontage, tiled floors, part plaster & painted and part tiled walls, spot lights, CCTV, alarm, separate & disabled WC facilities.  The main kitchen is located in the basement and benefits from tiled flooring, stainless steel wall cladding, fluorescent strip lighting, stainless steel sinks and drainers, extraction canopy and a cold store.  There is further accommodation on the upper floors which is accessed via a staircase from the rear garden.  There is also a detached garage at the rear which is useful for storage.

Accommodation
Ground Floor
1,581 Sq Ft
147 Sq M
First Floor
618 Sq Ft
57 Sq M
Basement
296 Sq Ft
28 Sq M
Yard
492 Sq Ft
46 Sq M
Total Sq Ft:
2,987 Sq Ft
Total Sq M:
278 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected.

Tenure / Price:

The property is currently let on a FRI lease at a passing rent of £19,440 per annum exclusive.  The current lease can be assigned or a new lease agreed directly with the landlord.

A premium of £160,000 is sought in respect of the fixtures and fittings & goodwill.  Stock as value.  Further details are available upon request

Business Rates:
The property is currently listed within the 2015 rating listing as have a rateable value of £6,400.  Rates payable will be in the region of £3,065.60 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.

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

Stay up to date

Get our latest properties directly to your inbox. Sign up below and we’ll send you our weekly updates:




Enquiries