Restaurant/cafe for sale in Mary Ann Street, Birmingham B3

£395,000 (£114/sq. ft)
Restaurant/cafe for sale 3,465 sq. ft*
Interested in this property? Call +44 121 721 9638 * or Request Details

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Property description



Location
Arkade Property is delighted to offer these iconic basement restaurant premises for let or for sale. The property was formerly occupied by Anderson's and, prior to that, the Buckle Maker, both well known, popular, high quality restaurants. Any buyer or tenant would therefore derive the benefit of occupying premises well known throughout Birmingham for providing food of the highest quality in a location that is second to none. The location is in the heart of the Jewellery Quarter, described as a national treasure and unlike any other historic landscape in the area. The Jewellery Quarter attracts a vibrant community with its abundance of craft bars, bustling cafes and stylish restaurants and, with over 200 listed buildings nearby, you can still peer into the rich heritage of this iconic district of Birmingham, made famous by its array of artisan jewellers, goldsmiths and glassmakers whose products are the envy of the world. Being adjacent to St Paul's Square, the last Georgian Square in Birmingham one can call upon the custom of the 6,000 plus residents who already call the Jewellery Quarter their home and the participants in the largest concentration of Jewellery outlets and manufacturers in the world.

Birmingham is an excellent location for overseas and domestic investment being centrally located, young and vibrant. Birmingham is home to the strongest economy outside London and is the subject of large-scale infrastructure projects from the £550 million Grand Central development to the £1.5 billion Smithfield regeneration. Also, with work underway on HS2, one of Europe's most exciting rail projects, England's second city is becoming a most attractive place to live and invest in and the hospitality industry can only benefit from this regeneration.

Description
These premises boast approximately 3,500 square feet of useable space with a large bar and restaurant area, a spacious kitchen, sundry storage rooms, a fridge room, a laundry room, toilets for the staff and for the customers, a cellar room and an office. The entrance is at street level on Mary Ann Street, just a few yards from St Paul's Square and the property benefits from a security alarm, a fire alarm system, emergency lighting and a heating/cooling system.

Accommodation
Entry Area and Stairs to the Basement

- Carpeted flooring
- Heating/Cooling unit
- Alarm centre and sensor
- Emergency lighting
- Recessed lighting
- Under-stairs cupboard with lighting

Foyer

- Recessed lighting
- Emergency lighting
- Alarm sensor
- Door to store room with lighting

Greeting Area 4.23m x 2.05m

- Tiled flooring
- Exposed brick or plastered walls
- Wall lighting
- Storage area

Restaurant Area 20.52m (max) x 10.17m (max)

- Tiled floor
- Exposed brick or plastered walls
- Ornate brick archways
- Wall and ceiling lighting
- Exposed wooden beams
- Alcoves with mirrored walls
- Heating/ cooling units
- Alarm sensor
- Emergency lighting
- Electric sockets

Bar Area (incorporated within the Restaurant area)

- Concrete base
- Serving counter
- Stainless steel sinks and storage units
- Strip lighting and halogen downlighting
- Electric sockets
- Emergency lighting
- Fire alarm point

Office 3.71m x 1.62m

- Fuse box
- Fire alarm console
- Emergency lighting
- Wall mounted safe
- Electric sockets
- Telephone points

Store Room 2.89m x 2.17m

- Concrete floor
- Strip light
- Electric sockets
- Extractor

Cellar Room 2.90m x 1.81m

- Strip lighting
- Electric sockets
- Heat regulation unit

Storage Cupboard 3.03m x 1.73m

Gents Toilet 3.45m x 2.27m

- Entry vestibule
- Tiled walls
- Tiled floor
- 3 washbasins
- 3 urinals
- 1 toilet cubicle
- recessed lighting
- emergency lighting
- Passive extractors

Ladies Toilet 3.44m x 2.26m

- Entry vestibule
- Tiled walls
- Tiled floor
- 3 washbasins
- 3 toilet cubicles
- Recessed lighting
- Emergency lighting

Kitchen 8.39m x 3.79m (max)

- Electric sockets
- Emergency lighting
- Plastic wall panelling
- Heating/ cooling vent
- Area with stainless steel wall guard

Heating Room 2.98m x 2.91m
- Water tank

Staff Toilet 2.90m x 1.25m

Laundry Room 2.93m x 1.16m

Fridge Room 2.10m x 1.28m

Storage Room 3.41m x 2.38m

Rear fire escape

- Stairs to street level
- Emergency lighting
- Electric meter
- Water meter
- Stopcock

terms
Misrepresentation Act 1967. These details are prepared as a general guide only and must not be relied on as a basis to enter legal binding obligations. A prospective buyer should rely upon his/her own inspection, surveyor and/or solicitor before any expenditure or legal commitment. If a prospective buyer does wish to rely upon these particulars Arkade Property would be happy to provide specific written verification. Verbal representation will be made in good faith but cannot be relied upon. Subjective comments in these particulars are the opinion of Arkade Property only.

Arkade Property has not tested any apparatus, equipment, fixtures, fittings or services and do not warrant that they are in good working order. The prospective buyer’s solicitor must ensure that these are owned by the landlord and not subject to hire purchase or other conditional sale agreement. Arkade Property has not checked legal documentation and the solicitor should verify the tenure of the property and all restrictive and other covenants. Measurements and distances are approximate and for guidance only. Where rooms are irregular, only the maximum dimensions are given.

The Price for the Long Lease is £395,000

For a let; all terms are negotiable but the following terms are suggested:
1) Minimum seven year lease at an annual rent of £32,000 to be paid quarterly in advance.
2) Tenant to be responsible for the payment of the service charge and the building insurance. Service charge is currently £1,691.76pa
3) Tenant to be responsible for the business rates and all utility bills
4) The tenant will be responsible for telephone connection and all associated costs
5) Each party will pay their own legal fees
6) Full references will be required together with a four month security/rent deposit which will be returned at the end of the term provided the covenants in the lease have been adhered to.
7) Tenant will be responsible for internal repairs
8) The rent will be reviewed every 4 years
9) The tenant will covenant to adhere to the terms and conditions of the Superior Lease dated 23rd November 1987 other than the payment of rent referred to therein.

Outgoings
The Rates will be the tenant's responsibility. We have been advised that the Rateable Value is £27,500pa.

VAT
We have been verbally advised that the property is not subject to VAT however the buyer's or tenant's solicitor should seek specific confirmation from the seller's or landlord's solicitor

legal costs
Each party to be responsible for their own legal costs

service charge
The service charge will be the responsibility of the Buyer or the Tenant. The current service charge is £1,691.76pa.

Parking notes
There is no parking with the property

planning
The property has been used for restaurant purposes for many years. We have not had sight of planning documentation.

Viewing
We have keys. There is a fob for the alarm but the alarm is not set.

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
Arkade Property, B1 on +44 121 721 9638 * (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 Arkade Property, and do not constitute property particulars. Please contact Arkade Property 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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