38 WARSTONE LANE, JEWELLERY QUARTER, BIRMINGHAM, B18 6JQ

A5 TAKEAWAY & SELF CONTAINED FLAT – LEASE FOR SALE

Business

Restaurant/Takeaway

Retail

£60,000
Location:

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.

Description:

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.

Accommodation
Ground Floor
403 Sq Ft
37 Sq M
Kitchen
122 Sq Ft
11 Sq M
First Floor
166 Sq Ft
15 Sq M
Basement
284 Sq Ft
26 Sq M
One Bed Flat
550 Sq Ft
51 Sq M
Total Sq Ft:
1,525 Sq Ft
Total Sq M:
142 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

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.

Business Rates:

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.

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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