The property is situated in a prominent location fronting Fleet Street in Birmingham City Centre. The property is surrounded by excellent transport links to and from the City Centre. Located a short walk from the premises is the historic Jewellery Quarter & St Pauls Square which offers a variety of retail premises, coffee shops and bars. Approximately 2 miles North East of the premises is Junction 6 of the M6 motorway providing access to the wider motorway network.
The premises comprise of an attractive two storey character building of red brick construction surmounted by a part-pitched/part-flat roof. Internally the property is split to provide a self-contained bar & restaurant on the ground floor with a nightclub premises arranged over the first floor which is accessed via a separate stairway. The bar & restaurant is of open plan configuration and benefits from tiled floors, plaster & painted walls & ceilings, inset ceiling lights and air conditioning. The main kitchen is on the first floor as well as storage rooms and WC facilities. Externally there is a small courtyard area for seating.
Energy Performance Certificate:
Details available upon request.
We are advised all main services are connected.
Mason Young Property Consultants has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.
Tenure / Price:
The premises are available on a long lease at a passing rent of £85,000 per annum exclusive; however a new lease can be agreed direct with the landlord, subject to terms. A premium of £250,000 is sought in respect of the fixtures & fittings. Further details available upon request.
The property is currently listed within the 2015 rating listing as have a rateable value of £42,750. Rates payable will be in the region of £20,477.25 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 elected for VAT.
Each party to be responsible for their own legal costs incurred during this transaction.