Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A
Key Features: • Prominent mid parade two story retail premises • Situation in busy Kings Heath retail parade • 1,514 sq. ft. (140.66 sq m) over two floors • Car parking to the rear • Near to Sainsburys, Lloyds Bank, Ladbrokes and other national retailers • Flexible lease terms • £25,000 PLUS VAT PER ANNUM
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 1st Floor 75-77 Colmore Row, Birmingham, B3 2AP
Full Description: Description A prominent mid parade retail unit extending to 1.514 sq. ft. (140.66 sq m) over ground and first floors and benefits from excellent levels of passing trade. The property currently let to PDSA and incorporates open plan retail space to the ground floor with ancillary accommodation top the first floor.
Location The property occupies a very prominent position on Alcester Road South near it's junction with Vicarage Road, within the prime retail pitch close to the Sainsbury's supermarket. Major multiple retailers within the immediate vicinity include, Boots, WH Smith, Superdrug, Argos and Poundland. It is also situated close to one of Kings Heath's main car parks in Institute Road. Kings Heath is a popular residential suburb of Birmingham located approximately 4 miles (6km) south of the City Centre, 25 miles (40km) north of Worcester and 20 miles (32km) west of Coventry. The town lies within 5 miles (8km) from Junction 3 of the M42, which in turn links to the M40 (Junction 3A), the M5 (Junction 4A) and the M6 (Junction 7A).
Accommodation Ground Floor: 75.43 sq.m. / 812 sq.ft. First Floor: 65.21 sq.m. / 702 sq.ft.
External Allocated tenant car parking to the rear, with rear service access to the back of the property
Lease Terms The property is available on flexible lease terms for a period to be agreed. The quoting rent is £25,000 plus Vat per annum.
Business Rates Current rateable value - £21,500
Service Charge There is a nominal proportionate service charge payable towards the maintenance of the rear service yard & car park.
VAT We are advised that VAT is payable on rent & service charge .
Legal Costs Both parties to bear the cost of their own legal and surveyor's fees incurred during the transaction.
Anti Money Laundering In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.