MapOffers in region of
£350,000Restaurant for sale
Alum Rock Road, Ward End
Restaurant
Features and description
- Modern Ground Floor Retail Unit Build 2022.
- Desirable Commercial Location
- WIth Original 10 Year New Build Warranty
- NIA 124.03 sq. metres (1,335 sq. ft).
- EPC Rating: A
- Investment Generating £27,000 per annum.
A MODERN ground floor retail unit in a MODERN DEVELOPMENT built in 2022. Investment opportunity let on a 7 year full repair and insuring lease on 22nd March 2022 with the tenant currently paying £27,000 per annum. Comprising; retail area, kitchen, W.C, office and fore court. CIrca. 124.03 sq. metres (1,335 sq. ft). Tenure: Leasehold with 125 years at a peppercorn ground rent. EPC Rating: A
Location
The property is situated on a retail parade near 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 & Fox & Goose District Shopping Centre. -Circa. 0.5 miles from upcoming Washwood Heath HS2 Service 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 ground floor retail restaurant unit set within a newly built three storey commercial development completed December 2022, following complete demolition of former retail unit. Our client has advised the property is within a 10 year New Build warranty. The unit has an 'A'-rated EPCs. The building is largely block cavity wall constructed with some steel frame/beams, with all external walls rendered finish.
Accommodation
With retail area, W.C, kitchen and office. Total Net Internal Area - 124.03 sq. metres (1,335 sq. ft).
Outside
Fore court.
Business Rates
TBC.Qualifying 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
Own 3 Phase Electricity supply, water, drainage.Fire alarm panel and system of smoke detectors, emergency lighting are installed on site.
Lease Terms
The property is offered with a new 125 year lease with a peppercorn ground rent.
Service Charges
A service charge shall be payable towards buildings insurance for the development, external maintenance, internal maintenance of shared communal areas and communal electric. Our client shall set up service charge management prior to completion.
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.
Tenants
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.
Tenure: Leasehold
Location
The property is situated on a retail parade near 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 & Fox & Goose District Shopping Centre. -Circa. 0.5 miles from upcoming Washwood Heath HS2 Service 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 ground floor retail restaurant unit set within a newly built three storey commercial development completed December 2022, following complete demolition of former retail unit. Our client has advised the property is within a 10 year New Build warranty. The unit has an 'A'-rated EPCs. The building is largely block cavity wall constructed with some steel frame/beams, with all external walls rendered finish.
Accommodation
With retail area, W.C, kitchen and office. Total Net Internal Area - 124.03 sq. metres (1,335 sq. ft).
Outside
Fore court.
Business Rates
TBC.Qualifying 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
Own 3 Phase Electricity supply, water, drainage.Fire alarm panel and system of smoke detectors, emergency lighting are installed on site.
Lease Terms
The property is offered with a new 125 year lease with a peppercorn ground rent.
Service Charges
A service charge shall be payable towards buildings insurance for the development, external maintenance, internal maintenance of shared communal areas and communal electric. Our client shall set up service charge management prior to completion.
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.
Tenants
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.
Tenure: Leasehold
About this agent
Cottons Chartered Surveyors - Edgbaston
359/361 Hagley Road
Edgbaston, Birmingham
B17 8DL
0121 721 8843Cottons are a Birmingham based independent firm of Chartered Surveyors operating from our excellent refurbished centrally located offices, we can cater for any property matter. The firm was originally formed in 1924 by the legendary Birmingham Property Developer Jack Cotton. The partners and staff at Cottons pride themselves in offering a wealth of experience and expertise in all property matters throughout the Midlands and further afield. We specialise in; Property Auctions Residential / Commercial Sales and Lettings Property and Estate Management Valuation and Professional Work We are proud to comply with the regulations and standards laid down by the following professional bodies of which we are members Royal Institution of Chartered Surveyors (RICS) Association of Residential Managing Agents (ARMA) Association of Residential Letting Agents (ARLA) National Association of Estate Agents (NAEA)