170 LOZELLS ROAD, LOZELLS, BIRMINGHAM B19 2SX

TWO-STOREY RESTAURANT PREMISES – LEASE FOR SALE – PREMIUM APPLICABLE

Restaurant/Takeaway

£65,000
Location:

The property is situated along Lozells Road close to the junction with Villa Road and Heathfield Road within close proximity to the B4124 Hamstead Road. The Hamstead Road is a main arterial route from Handsworth Wood to Hockley which further leads into Birmingham City Centre. Birmingham City Centre is approximately 2 miles from the subject property and accessible via dual carriageway along the A34.

Description:

The building comprise a two storey retail premises of brick-built construction surmounted by a pitched tiled roof and a glazed shop front. Internally the property benefits from a tiled floor, plaster & painted walls, inset ceiling light points, a fully fitted kitchen and separate WC facilities.

Accommodation
Basement
180 Sq Ft
17 Sq M
Ground Floor
1,760 Sq Ft
164 Sq M
First Floor
573 Sq Ft
53 Sq M
Total Sq Ft:
2,513 Sq Ft
Total Sq M:
234 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected to include mains gas, water and three phase electricity.

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.

Planning:

We have been informed by the landlord that planning permission has been granted for A3 use.

Interested parties should contact Birmingham City Council Planning Department on 0121 303 1115.

Tenure / Price:

A premium of £65,000 is sought in respect of the fixtures and fittings. Stock at value. The quoting rent is £26,000 per annum exclusive, terms to be agreed.

Business Rates:
The property is currently listed within the 2017 rating listing as having a rateable value of £7,700. Rates payable will be in the region of £3,842 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.
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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