The property is situated in a prominent location fronting Warstone Parade East, 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 comprises of a three storey end terraced office of brick-built construction surmounted by a pitched tiled roof. Internally the building benefits from laminate flooring, plastered and painted walls, suspended ceiling and WC facilities.
Energy Performance Certificate:
Details available upon request.
We are advised all main services are connected to include mains gas, water and 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.
Please note planning permission has been granted for a 2 bedroom flat (use class C3). Planning Application No: 2021/08398/PA.
Interested parties should contact Birmingham City Council Planning Department on 0121 303 1115.
Tenure / Price:
The property is available by way of an assignment of the existing lease at a premium of £195,000, subject to contract. Terms to be agreed.
The property is held on a long lease and has approximately 111 years remaining. The ground rent is £30 per annum.
We understand that a service charge of £879 per annum is to be levied to cover the cost of services provided by the Landlord.
The property is currently listed within the 2023 rating listing. The rateable value will be £9,800 from April 2023. Rates payable will be in the region of £4,890 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 the property is not elected for VAT.
Each party to be responsible for their own legal costs incurred during this transaction.