The retail premises are situated in a prominent location fronting Vyse St, within walking distance from the Chamberlain Clock, being the heart of the Jewellery Quarter. Birmingham City Centre is situated approximately one mile from the subject premises.
The property is a ground floor self-contained terraced retail unit with a shop front. Internally, the retail accommodation benefits from carpets, suspended ceiling with inset lights, plaster & painted walls, a kitchenette and WC facilities. Externally there are metal roller shutters on the windows to the front of the premises.
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 property is let on a 20-year lease with effect from 24th June 2004 at a passing rent of £6,150 per annum exclusive.
A premium of £75,000 is sought in respect of the fixtures and fittings. Stock as value. Further details are available upon request.
The property is currently listed within the 2017 rating listing as having a rateable value of £7,000. Rates payable will be in the region of £3,437 per annum respectively. Small business rate relief may apply.
Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.
We understand that is not elected for VAT.
Each party to be responsible for their own legal costs incurred during this transaction.