The property is located on Warstone Lane, close to the junction with Augusta Street, in the heart of the famous Jewellery Quarter and a short distance from St. Pauls Square. Local amenities are within walking distance including high street banks, post office, Tesco Express and Subway. There are excellent transport links all located within walking distance. Birmingham City Centre is approximately ½ mile from the subject premises.
The property forms part of a modern mixed-use development constructed in 2001 which comprises a ground floor self-contained retail unit which previously traded as a coffeeshop. Internally the property benefits from a glazed shop front, laminated floors, plaster & painted walls, inset light points, a kitchen/prep area, office, store, alarm & separate WC accommodation. The property also benefits from internal roller shutter doors.
Energy Performance Certificate:
Details available upon request.
We are advised electric & water are connected.
We have been informed by the landlord that planning permission has been granted for A3/A5 use. The property is suitable for a variety of retail uses, subject to planning.
The property is available at a rent of £30,000 per annum exclusive on a FRI basis, subject to contract. Terms to be agreed. The ground rent payable is £100 per annum.
The property is currently listed within the 2017 rating listing as having a rateable value of £35,250. Rates payable will be in the region of £16,990 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.