Freehold Development Site

Price:

Freehold - £1,250,000

Seller Ref:

9461B

Location:

West Midlands

Business Type:

Commercial Property, Corporate Businesses

See Other:

Development sites for sale in West Midlands
Vacant premises for sale in West Midlands
Leisure businesses for sale in West Midlands
Commercial property for sale in West Midlands
Corporate businesses for sale in West Midlands

Description:

THE BUSINESS:

Advent Business Sales is pleased to have been instructed to offer to the market this excellent potential development site which has numerous future uses from residential conversion to a supermarket to a bowling alley and many many more.

Owned by the present vendors since 1982, the site is only now being offered for sale following their ill health and wish to retire.

The building, which was constructed in 1931 as a theatre and has always had a leisure theme to its present day. It is very robustly constructed in that engineering bricks were primarily used throughout.

The floor level is approx 12,000 sq feet and is circa 70 feet high.

The existing business run by the two vendors will either relocate or cease trading once redevelopment starts.

Two leases currently run for telephone masts on the roof of the building. One is with Orange and the other with O2. These currently contribute £24,000 per annum in rental income.

Electricity is metered separately to the two masts and they look after all their own maintenance. The two businesses wish to continue with the leases which actually expired in March 2010.

Full site plans can be given to interested parties, together with scaled drawings.
REF: 9461B

Disclaimer:

Viewing is essential to fully appreciate this business and strictly by appointment only through the agents.

N/B:

All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Location Details:

The site is ideally located on a busy main arterial road in the very heart of a densely populated suburb of Birmingham and is surrounded by residential properties.