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
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
Coventry Road, Birmingham, West Midlands, B10 0UU