Commercial development for sale
Property description & features
- Modern Commercial Development Built 2022.
- Currently Six Letting Units & Second Floor Storage Unit
- Desirable Commercial Location
- With Original 10 Year Build Warranty
- Potential for Further Change of Use (subject to planning)
- Majority with Vacant Possession
Location
The property is situated on the corner of Alum Rock Road and Thornton Road, in a prominent location on Pelham Shopping Centre in a densely populated residential location, conveniently situated;-Circa. 0.5 miles from Alum Rock and Fox & Goose District Shopping Centre.-Circa. 0.5 miles from upcoming Washward Heath HS2 Depo.-Circa 0.9 miles from Birmingham Heartlands Hospital.-Circa. 2.8 miles from Aston and Birmingham City University.-Circa. 2.9 miles from upcoming Curzon Street HS2 Station into Birmingham City Centre.-Circa. 3.4 miles from Birmingham City Centre-Circa. 5.9 miles from Birmingham Airport.
Description
A recently built three storey commercial development completed circa. December 2022 following complete demolition of former retail unit. The development comprises three self contained retail units at ground floor, with three office units at first floor and large storage unit at the first floor area. Our client has advised the property is within 10 year New Build warranty. All 7 units have 'A'-rated EPCs.The building is largely block cavity wall constructed with some steel frame/beams, with all external walls rendered finish.
Accommodation
852 Alum Rock Road
With retail area, rear staff area/kitchen, W.C.Total Net Internal Area - 66.9 sq. metres (720 sq. ft).ITZA - 31.98 sq. metres (344 sq. ft).
854 Alum Rock Road
With retail area, W.C, kitchen and office.Total Net Internal Area - 124.03 sq. metres (1,335 sq. ft).ITZA - 38.73 sq. metres (417 sq. ft).
61 Thornton Road
Retail Area.Total Net Internal Area & ITZA - 32.82 sq. metres (353 sq. ft).
63 Thornton Road
Accessed via secure entry door with stairs leading to first floor corridor with doors leading into;
Unit 1, 63 Thornton Road
Main unit area, W.C.Total Net Internal Area - 70.15 sq. metres (755 sq. ft).
Unit 2, 63 Thornton Road
Customer Reception, W.C., officeTotal Net Internal Area - 54.97sq. metres (592 sq. ft).
Unit 3, 63 Thornton Road
Office area, W.C.Total Net Internal Area - 34.36 sq. metres (370 sq. ft).
Unit 4, 63 Thornton Road (Second Floor)
With first floor hallway, stairs leading to second floor corridor, room one (16.09 sq. metres), kitchenette with W.C., room two (39.97sq. metres) with storeroom off (2.63 sq. metres) (client has advised that waste plumbing is in place which would accommodate W.C).Total Net Internal Area - 58.69 sq. metres
Tenancy Agreements
854 Alum Rock Road is let on a 7 year full repair and insuring lease on 22nd March 2022. The tenant is currently paying £27,000 per annum. Unit 3, 63 Thornton Road is currently let informally for £7,200 per annum. Whilst the unit can be offered with vacant possession on completion, the tenant has expressed a desire to remain in the property and a formal lease may be negotiable to be set up prior to completion subject to terms.The rest of the development is offered with vacant possession on completion.
Business Rates
All from 1st April 2023 to present;-852 Alum Rock Road - TBC-854 Alum Rock Road - £18,500 -61 Thornton Road - £4,350 -Unit 1, 63 Thorton Road - TBC-Unit 2, 63 Thornton Road - £5,600-Unit 3, 63 Thornton Road - £4,950-Unit 4, 63 Thornton Road (Second Floor Unit) - £5,800Qualifying letting applicants may be able to claim Small Business Rates Relief. Landlords could direct tenants to make enquiries with the Charging Authority, Birmingham City Council.
Services
852 Alum Rock Road - Own 3 Phase Electricity supply, water, drainage.854 Alum Rock Road - Own 3 Phase Electricity supply, water, drainage and air conditioning.Units @ 63 Thornton Road - 3 Phase Electric supply, water, drainage. All units are sub metered off landlord's supply. 61 Thornton Road has potential for sub meter.There is a private landlord meter room accessed via secure entry door from Thornton Road.There are 4 main water supply lines to the building.There is a single gas line utilised by 63 Thornton Road in part.Fire alarm panel and system of smoke detectors, emergency lighting are installed on site.
Offers
Offers are invited to be submitted in writing to "[use Contact Agent Button]" along with supporting evidence of financing.
Legal Costs
Each party shall be responsible for their own legal costs.
Agent's Commission
The Agent's commission is to be paid by the purchaser at 1.8% including VAT (1.5% plus VAT) of the agreed sale price.
Tenure: Freehold
Property information from this agent
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