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Leasehold Investment In The Area Of Balsall Heath On The Main Ladypool Road A3 Consent

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Status
FOR SALE
Advert ID
191646
Reference
354LADYPOOLROADA3 / RightBiz

Details

LOCATION:
This superb leasehold opportunity is situated on Ladypool Road in Sparkbrook, Birmingham. The area has a rich multicultural mix of population and Ladypool Road has a variety of occupiers, housing and offices. The premises location also has a diverse selection of retail and commercial style businesses in the area like Shai Qila Restaurant, Pepe's, Grillz Restaurant, Antep, Khushboo by Chand and Lahores Restaurant. A business in close proximity enhances the commercial premises on offer as it attracts visitors to the area throughout the year.

DESCRIPTION:
The property comprises a double unit, ground floor retail space together with office, w/c and storage, The property is currently trading as a convenience store. The property benefits from suspended ceiling, shutters large rear yard.

ACCOMMODATION
Ground Floor retail space:

Internal width: 9.44 m Approx
Internal Length: 12.13 m Approx
Total: 1233 sq ft Approx
Total: 115 sq m Approx

Rear Yard
Internal width: 6.46 m Approx
Internal length: 11.96 m Approx
Total: 832 sq ft Approx
Total: 77 sq m Approx

CURRENT USAGE:
The premises currently holds an A3 planning consent

SERVICES:
Electricity and water service are available. There is no gas supply at the property. The lessee shall make their own arrangements for the provision of any services required and pay all costs or charges in connection therewith direct to the relevant supply authority.

LEASE:
The whole property will be offered on a new 15 years renewable lease (Full Repairing and Insuring lease)

LEASE PREMIUM:
POA

RENT:
£30,000 per annum

RATE ABLE VALUE:
Parties should verify this information with the local rating authority

COSTS:
The in-going tenant will be responsible for the payment of the landlord's legal costs, building insurance and agent administration fees.
***** Upon taking occupancy a three months advanced rent and three months deposit will be required *****

Viewing: For further information and viewing contact:

RH Properties
510 Stratford Road
Sparkhill
Birmingham
B11 4AH

Tel: 0121 772 8488


1. MONEY LAUNDERING REGULATIONS Intending purchaser will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. R.H. Properties have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interest to check the working condition of any appliances.
6. R.H. Properties has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Listing Details
Leasehold Price: Price on Application
Tenure: Leasehold
Sector: Convenience Stores
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