161 High Street, Kings Heath,Birmingham

Property Details: • Type: Retail Property (high street) • Tenure: N/A • Floor Area: 6830 sqft

Key Features: • Large ground floor premises formerly occupied by Barclays Bank. • Located in a prime trading position on Kings Heath High Street. • The property is a shell with a new shop front and electrically operated roller shutter.

Location: • Nearest Station: Bournville Station • Distance to Station: 1.4659563383095053 miles

Agent Information: • Address: Clarendon House 14 St. Andrews Street, Droitwich, WR9 8DY

Full Description: LOCATION <br />The premises are located in a prime trading position on Kings Heath High Street. The property is adjacent to Santander and close to New Look, Clarks, Greggs, Costa, Poundland, Savers, etc. <br /> <br />DESCRIPTION <br />The premises comprise a large ground floor premises formerly occupied by Barclays Bank. <br />The property is now back to a shell with a new shop front and electrically operated roller shutter. <br />The property benefits from excellent rear loading facilities. <br /> <br />ACCOMMODATION <br />Approximate internal dimensions and areas are detailed below: <br /> <br />GROUND FLOOR <br />INTERNAL WIDTH (FRONT) 21'6" 6.5 m <br />SHOP DEPTH 165'0" 50.3m <br />TOTAL GROUND FLOOR AREA 6830 sq ft 634 sq m <br /> <br />LEASE <br />The property is available by way of a new fully repairing and lease for a term of years to be agreed upon in multiples of 5 years. <br /> <br />RENTAL <br />£75,000 pa (exclusive of rates). <br /> <br />RATING ASSESSMENT <br />We are advised that the rating assessment is as follows: <br />Rateable Value: £55,000 <br />Please contact the Local Authority for further information. <br /> <br />BUILDING INSURANCE & SERVICE CHARGE <br />Building insurance is approximately £3,185 per annum. <br />Service Charge is currently £2,439 per annum. <br /> <br />ENERGY PERFORMANCE CERTIFICATE <br />The property has a rating of 59 (Band C). A copy of the certificate is available upon request. <br /> <br />LEGAL COSTS <br />Each party are to be responsible for their own legal costs incurred in this transaction. <br /> <br />VAT <br />We understand that VAT is payable on the rental, however, interested parties are advised to make their own enquiries.