LOCATION: The property is situated in Stratford Road, Sparkhill 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. The property is situated in Coventry Road, Birmingham, in West Midlands.
DESCRIPTION: The property comprises of ground floor retail space. The unit benefits from Triple Display Fridge, Mince Meat Mixer, Two Cutting Tables, Scale and Till, Meat Cutter, Assorted Display Shelves, Tiled Floor, Full Glass Shop Front, Suspended Ceiling, Rear Cold Room, Rear Prep Room, Three Flat, Freezer, Cutting Room, W/C, Kitchen Area and Shutters at rear leading to year yard and side entrance.
PREMIUM: £44,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill
RENTAL: £15,600 per annum
TERMS: 7 years left of a 10 years lease.
BUSINESS RATES: Nil. From information obtained from the Valuation Office Agency website www.voa.gov.uk
SIZE: Approximately 1017 sq ft
OPENING HOURS: 9:00 a,m till 8:00 p.m 7 days a week
STAFF: Owner managed with 4 staff
TURNOVER: We are advised that the yearly turnover is approximately £286,000 per annum
ACCOUNTS: Available on request on viewings
LEGAL COST: The in-going tenant will be responsible for the payment of the landlord’s legal costs, building insurance and agent administration fees.
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.
Stratford Road, Sparkhill, Birmingham, West Midlands, B11 4DX