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.
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.
Energy Performance Certificate:
Details available upon request.
We are advised all main services are connected.
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.
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.
The property is elected for VAT.
Each party to be responsible for their own legal costs incurred during this transaction.