Retail premises for sale in Bradford Court, Bradford Street, Digbeth B12

From £150,000 (£240/sq. ft)
Retail premises for sale 625 sq. ft*
Interested in this property? Call +44 121 659 8498 * or Request Details

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Property description

Description

The property is located within the Bradford Court office development which is home to a number of creative businesses comprises a ground floor retail premises which has been used as a Spa for over four years.

The property has been split to provide three treatment rooms along with two reception areas.

Viewings

Viewings are strictly via the agent Siddall Jones.

Location

The property is situated fronting Bradford Street, Digbeth only ¾ mile (10-minute walk) from Birmingham City Centre and being situated just minutes away from the Bull Ring Shopping Centre, the National Coach Station, Moor Street Station and New Street Station.

The route of the new Midland Metro tram extension will run through the heart of Digbeth along the dual carriageway serving the Birmingham Coach Station and Custard Factory, Deritend High Street and terminating at Adderley Street.

Communication links are excellent being within close proximity to Junction 6 of the M6 which offers a gateway to the wider motorway networks of the M5, M40, M42 and M1 motorway.

Terms

The property is let to Sala Therapy Birmingham Limited on a new 15-year lease simultaneously on completion of purchase, at £14,000 per annum, rising to £15,500 from year 5 and increasing to £17,000 from year 10 onwards.

The tenant company have been in occupation for over 5 years and wish to surrender their existing lease in favour of a longer 15-year term.

Offers over £150,000 exclusive are sought, subject to contract.

Tenure

The property will be sold on a new 125-year lease at a ground rental of £250 per annum exclusive.

Planning

We have been advised the property has the benefit of E(a) (retail) Use.

VAT

Each party will be responsible for their own legal and surveyors costs incurred during this transaction.

Property info

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

Arrange Viewing

For more information about this property, please contact
Siddall Jones Limited, B18 on +44 121 659 8498 * (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 Siddall Jones Limited, and do not constitute property particulars. Please contact Siddall Jones Limited 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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