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.
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.
Energy Performance Certificate:
Details available upon request.
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.
We understand that the property is not elected for VAT.
Each party to be responsible for their own legal costs incurred during this transaction.