55 NEWHALL STREET, BIRMINGHAM, B3 3RB

GROUND FLOOR RESTAURANT PREMISES – LEASE FOR SALE

Restaurant/Takeaway

UNDER OFFER

£85,000 PA
Location:

The property lies at the heart of Birmingham’s business district, on Newhall Street, close to the junction with Great Charles Street Queensway. Snow Hill and New Street railway stations are within walking distance and only a 5 minute drive from junction 6 of the M6 and 20 minutes from junction 6 of the M42 which provides direct access to the wider motorway network including the NEC, Birmingham International Airport and Birmingham International Railway Station.

Description:

The premises comprise of an attractive four storey character building of red brick construction with a white concrete façade. Internally the property is split to provide a self-contained restaurant on the ground and basement floors with various office suites arranged over the upper floors which are accessed via glazed aluminium doors off the main Newhall Street. The bar & restaurant is of open plan configuration and benefits from laminated flooring, plaster & painted walls & ceilings and air conditioning.  The main kitchen is on the lower floor as well as storage rooms and WC facilities.  On the first floor there is also a separate function room available by separate negotiation.

Accommodation
Ground Floor
2,680 Sq Ft
249 Sq M
Basement
2,852 Sq Ft
265 Sq M
Total Sq Ft:
5,532 Sq Ft
Total Sq M:
514 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/A4 bar & restaurant use.  This makes it suitable for a variety of retail uses.

Please refer any queries to Birmingham City Council Planning Department on 0121 303 1115.

Tenure / Price:

The restaurant premises are available on an IRI basis, subject to contract. The quoting rent is based upon £85,000 per annum exclusive.  A premium of £100,000 is sought in respect of the fixtures & fittings.  Further details available upon request.

Service Charge:
We understand that a service charge is to be levied to cover the cost of services provided by the Landlord.
Business Rates:

The property is currently listed within the 2017 rating listing as having a rateable value of £25,750.  Rates payable will be in the region of £12,334.25 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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