FOR SALE
02/01/24
604442
Coventry_B10 / Rightbiz
LOCATION: The property is situated in Coventry Road, Birmingham, in West Midlands. The subject premises occupy a fantastic and highly visible trading position and situated in a densely populated residential area, the store benefits from a good passing trade from local residents.
DESCRIPTION: This property comprises of ground floor retail space and a 5 bedroom flat, G/F Shop, Suspended ceiling led lights, Canopy, Double display glass counter, Double fryer, Grill machine (Tandoor), Double drink fridge, Tiled floor walls, 3x double seating, booth & table x3, Under counter fridge, Kitchen, Under counter fridge, Double sink basin, assorted stainless steel tables, cold room/ canopy, w/c basin and good sized rear garden
USES: A5
PREMIUM: £134,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill
RENTAL: £21,000 per annum with flat & flat achieve £9,600 rent income
TERMS: The property is available by way of a 20 year lease
BUSINESS RATES: Nil. All interested parties are encouraged to make their own enquiries with local authority
SIZE: Approximately 1722 sq ft
OPENING HOURS: 7 days a week 12 noon to 11:00 p.m
STAFF: Family run
UPPER PARTS: 5-bedroom upper parts which are currently rented out & achieve £800 per calendar month
TURNOVER: Current turnover in excess of £416,000 per annum approximately. In our opinion offering further potential to increase in the right hands.
ACCOUNTS: Available on viewing
LEGAL COST: The in-going tenant will be responsible for the payment of the landlord’s legal costs, building insurance and agent administration fees
LOCAL AUTHORITY: Birmingham City Council
ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 118- E Rating. C copy of this property’s energy performance certificate is available on request.
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account
FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS: Through London Properties by appointment only
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'Business for Sale in Coventry Road, Birmingham, West Midlands, B10 0UU - Coventry_B10 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.