233-235 ALUM ROCK ROAD, ALUM ROCK, BIRMINGHAM, B8 3BH

FULLY FITTED RESTAURANT BUSINESS FOR SALE & SELF-CONTAINED FOUR BEDROOM FLAT – LEASEHOLD

Business

Restaurant/Takeaway

£120,000
Location:

The property is located on Alum Rock Road being approximately 4 miles north-east of Birmingham City Centre. Access to the national motorway network is facilitated via junction 6 of the M6 motorway which is situated within 2.5 miles of the property.

The subject premises are situated in a prominent position on Alum Rock Road within a parade of shops occupied by other local independent retailers.  The position benefits from a strong passing footfall with a wide range of trades represented in the vicinity.

Description:

The property comprises of a mid terrace two storey double fronted retail unit of brick built construction with a pitched tiled roof and fully glazed shop frontage. Internally the property benefits from tiled floors, a full suspended ceiling throughout incorporating fluorescent strip lighting, a main sales area, fully fitted kitchen with extractor canopy, two cold stores, a storage room, office and WC facilities.  On the first floor is a self-contained four bedroom flat with kitchen and bathroom facilities which is accessed via a separate entrance to the side of the restaurant.

Accommodation
Ground Floor
2,888 Sq Ft
268 Sq M
First Floor
728 Sq Ft
68 Sq M
Total Sq Ft:
3,616 Sq Ft
Total Sq M:
356 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected.

Planning:

We have been informed by the landlord that planning permission has been granted for A3/A5 retail use (Restaurant/Hot food takeaway).  The property is suitable for a variety of retail uses, subject to planning.

Tenure / Price:

The accommodation is available by way of an assignment of the existing lease expiring 17 May 2026 with approximately 9 years remaining.  The passing rent is currently £27,000 per annum exclusive.  A premium of £120,000 is being sought in respect of the existing fixtures & fittings.  Further details upon request.

Business Rates:

The property is currently listed within the 2017 rating listing as having a rateable value of £17,000.  Rates payable will be in the region of £6,919 per annum.

Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.

VAT:

The property is 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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