53 FREDERICK STREET, JEWELLERY QUARTER, BIRMINGHAM, B1 3HS

GROUND & FIRST FLOOR CAFE – LEASE FOR SALE

Business

Restaurant/Takeaway

Retail

£55,000
Location:

The property is situated on Frederick Street, close to its junction with Regent Street and is within close proximity to the Chamberlain Clock, the heart of the Jewellery Quarter.  It is situated only a short walk from all major public transport links and local amenities including high street banks, post office and Tesco Express store.

Description:

The property is a mid-terrace two storey building of brick-built construction surmounted by a flat roof.  Internally the property is arranged to provide a fully running café on the ground floor with ancillary accommodation on the first floor.  The café benefits from tiled flooring, painted walls, suspended ceiling incorporating LED lights, an extraction canopy, WC accommodation and a store room.  To the front is an electric metal roller shutter.

Accommodation
Ground Floor
676 Sq Ft
63 Sq M
First Floor
623 Sq Ft
58 Sq M
Total Sq Ft:
1,299 Sq Ft
Total Sq M:
121 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

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 property is let on a 7-year lease at a passing rent of £12,240 per annum exclusive.  New lease terms are to be agreed.

A premium of £55,000 is sought in respect of the premium, fixtures and fittings.  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 £9,700.  Rates payable will be in the region of £4,646.30 per annum.  Small business rates relief may apply. 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

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