Sutton New Road, Birmingham

Property Details: • Type: 6,948 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • The property comprises a large retail unit which is currently separated into a number of market stalls. • The partitions can be removed to create an open place space.

Location: • Nearest Station: Erdington Station • Distance to Station: 0.2 miles

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

Full Description: LOCATION The property comprises a large retail unit which is currently separated into a number of market stalls. The partitions can be removed to create an open place space. Deliveries and servicing is via the rear service corridor accessed off New Street. The premises front directly onto Sutton New Road. ACCOMMODATION The premises comprise of the following approximate floor areas: Ground Floor Area: 6,948 sq ft 647 m²

LEASE The property is available by way of a new fully repairing and insuring lease for a term of years to be agreed upon.

RENTAL £45,000 pa (exclusive of rates, service charge and VAT).

RATING ASSESSMENT There are at present multiple business rate assessments for the smaller market stalls so the unit will need to be reassessed if occupied by a single occupant.

ENERGY PERFORMANCE CERTIFICATE The property has a rating of 87 (Band D). A copy of the certificate is available upon request.

INSURANCE The building insurance contribution is approximately £5,000 p.a + VAT

SERVICE CHARGE The service charge is currently running at £1,250 + VAT per quarter on account subject to annual reconciliation.

LEGAL COSTS Each party are to be responsible for their own legal costs incurred in this transaction.

VAT We understand that VAT is payable on the rental however, interested parties are advised to make their own enquiries.