Restaurant/cafe for sale in 53 Frederick Street, Jewellery Quarter B1

Fixed price £35,000 (£26.94/sq. ft)
Restaurant/cafe for sale 1,299 sq. ft*
Interested in this property? Call +44 121 721 9881 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Self-Contained
  • Main Road Frontage
  • Premium Applicable
  • Flexible Terms

Property description

Location
The property is situated on Frederick Street, close to its junction with Regent Street and is within close proximity to the Chamberlain Clock, the heart of the Jewellery Quarter. It is situated only a short walk from all major public transport links and local amenities including high street banks, post office and Tesco Express store.

Description
The property is a mid-terrace two storey building of brick-built construction surmounted by a flat roof. Internally the property is arranged to provide a fully running café on the ground floor with ancillary accommodation on the first floor. The café benefits from tiled flooring, painted walls, suspended ceiling incorporating LED lights, an extraction canopy, WC accommodation and a store room. To the front is an electric metal roller shutter.

Services
We are advised all main services are connected.

Mason Young Property Consultants has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.

Energy Performance Certificates
Details available upon request.

Tenure/Rent
The property is let on a 7-year lease at a passing rent of £12,240 per annum exclusive. New lease terms are to be agreed.

A premium of £55,000 is sought in respect of the premium, fixtures and fittings. Stock as value. Further details are available upon request.

Business Rates
The property is currently listed within the 2015 rating listing as have a rateable value of £9,700. Rates payable will be in the region of £4,646.30 per annum.

Interested parties are advised to make their own enquiries to Birmingham City Council.

VAT
We understand that the property is not elected for VAT.

Legal Costs
Each party to be responsible for their own legal costs incurred during this transaction.

Viewing
Strictly by prior appointment with sole agents, Mason Young Property Consultants.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Mason Young Property Consultants, B18 on +44 121 721 9881 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mason Young Property Consultants, and do not constitute property particulars. Please contact Mason Young Property Consultants for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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