Unit E107-E110 The Arcadian, Hurst Street, Birmingham, West Midlands, B5 4TD

Property Details: • Type: Restaurant • Tenure: N/A • Floor Area: 3334 sqft

Key Features: • **PRIME CHINA TOWN** • **Restaurant Opportunity** • **New Lease Available** • Subject to Contract & Vacant Possession

Location: • Nearest Station: Birmingham New Street Station • Distance to Station: 0.2514653172066655 miles

Agent Information: • Address: 51 Regent Parade, Birmingham, B1 3NS

Full Description: **PRIME CHINA TOWN**<br /><br />**Restaurant Opportunity**<br /><br />**New Lease Available**<br /><br />Subject to Contract & Vacant Possession <br /><br /><b>Location</b><br /><br />Birmingham is the UK's second largest City, with a shopping catchment of 7.2 million people. The city is currently experiencing a new era of capital investment due to the increasing demand for residential, offices and retail on behalf of occupiers. The City of 1000 trades has now cemented itself as one of the UK's dominant retailing and leisure destinations. The Arcadian located adjacent to China Town is one of Birmingham's premier leisure schemes, with hotel, bar, and food operators trading together in an attractive and vibrant part of the city. <br /><br /><br /><b>Description</b><br /><br />The property occupies a prime location in the Arcadian Leisure development in Birmingham City Centre. Nearby operators include The Hippodrome Theatre, Ibis Hotel, Las Iguanas, as well as an array of quality independent bars and restaurants. The scheme benefits from a dedicated car parking of over 520 spaces. The subject property comprises a former bar arranged over ground and first floor with an outdoor terrace.<br /><br /><b>Accommodation Text</b><br /><br />Arranged over the approximate floor areas:<br /><br />Ground Floor: 3,334 sq ft (309.74 sq m)<br /><br /><br /><b>Tenure Comments</b><br /><br />The premises are to be made available by way of a new full repairing and insuring lease for a term of years to be agreed.<br /><br /><br /><b>EPC</b><br /><br />EPC can be made available upon request. <br /><br /><br /><b>Service Charge Information</b><br /><br />There is an annual variable service charge of £36,679 + VAT.<br /><br /><b>Insurance</b><br /><br />There is an annual insurance contribution of £2,476 + VAT.<br /><br /><b>VAT</b><br /><br />VAT is applicable.<br /><br /><b>Legal Costs</b><br /><br />Each party will be responsible for covering their own legal costs incurred in the transaction.<br /><br /><b>Security</b><br /><br />It is likely that the Landlord will require a security deposit and/or personal guarantee by way of security from the successful applicant.  <br /><br /><b>Viewings</b><br /><br />Strictly by appointment with the Sole Retained Agents.