The property is situated in a prominent location fronting Warstone Lane, 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 terraced self-contained retail unit with a glazed shop front. Internally, the retail accommodation benefits from wooden flooring plastered and painted walls, suspended ceiling with CAT 2 lights, extraction canopy, a kitchen area with gas/mains electric and WC facilities. Externally there is an electric metal roller shutter door to the front of the premises. To the rear is a staircase that leads to a self-contained one bed flat on the upper floors. The flat is in need of refurbishment.
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 FRI lease with effect from 19th September 2018 at a passing rent of £22,100 per annum exclusive.
A premium of £60,000 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 £14,928. Rates payable will be in the region of £7,329.65 per annum respectively.
Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.
We understand that the property is not elected for VAT.
Each party to be responsible for their own legal costs incurred during this transaction.