Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A
Key Features: • Well located for Birmingham inner ring road • Close to Midlands motorway complex via Spaghetti Juction • Multi-tenanted property
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 50, St. Johns Close, Knowle, B93 0NN
Full Description: DescriptionA range of buildings having two road frontages fronting Tower Street and Hospital Street. The buildings are part two storey and part single storey. There is a large open yard off the Hospital Street frontage. The buildings stand back from the Tower Street frontage behind forecourt parking.LocationThe premises are located on the northern side of Tower Street close to the junction with Hospital Street in the Newtown district of Birmingham approximately half a mile north of Birmingham City Centre. Tower Street runs due west off Summer Lane and is within an established industrial locality.TenureFreehold subject to 3 Occupational LeasesRating AsssessmentThe rateable value is £30,500.00.ServicesWe understand that all mains services are connected.Tenancy DetailsThe ground and first floors totalling 9,676 sq ft are let to Quantum Precision Engineering Ltd at a rental of £36,000.00 per annum.The ground floor workshop of 2,484 sq ft is let to Maywick at a rental of £24,000.00 per annum.Rear ground floor workshop of 2,056 sq ft is let to Apex Business Supply Ltd at a rental of £20,000 per annum.The net rental received is £80,000.00 per annum.New leases of 5 year terms on the equivalent of a FRI basis.Legal CostsEach party to be responsible for their own legal costs incurred.ViewingStrictly by appointment with the Agents, Shepherd Commercial.
