Retail premises for sale in Bristol Road South, Birmingham B31

Offers over £110,000 (£146.67/sq. ft)
Retail premises for sale 750 sq. ft*
Interested in this property? Call +44 121 659 6210 * or Request Details

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

Property description

Location


The property occupies a prominent position fronting the main A38 Bristol Road South, a busy arterial route throughout the day, serving Birmingham city centre from the south west.

The property is situated in an established parade opposite Great Stone Road and near to the junction with Frank Beeches Road. Northfield Shopping Centre Sainsbury Store are opposite and adjacent to the premises.


The property


The property comprises a mid-terraced two storey building in a small parade of similar properties of conventional brick construction built below a pitched roof.

To the ground floor is a retail shop currently let to Lordswood Vets Surgery (no longer in occupation) arranged to include a waiting room, surgery / examination room, kitchen and a further waiting / aftercare room to the rear with a single W/C.

Accommodation (approx.)
Ground Floor Sq M Sq Ft
Retail area 34.63 373
First floor flat 35.06 377
Net Internal Floor Area 69.69 750


Lease terms


The property is let to Lordswood Vets Ltd for a term of 25 years from 30 November 2016 at a rent of £11,931 per annum on full repairing and insuring terms subject to a tenant option to break in 2021,2026 etc. The break has been exercised by the tenant and the lease will end in November 2021.

Please contact the agents for further information.


VAT


All figures quoted are exclusive of VAT which will be added if required.


Energy performance certificate


The property has an Energy Asset Rating of (C).


Tenure


We understand the property is freehold and is subject to the tenancy referred to herein.


Town planning


We are advised that the property has appropriate consent for D1 and A1 Retail use. Prospective tenants are advised to rely on their own enquiries with the planning department .


Rateable value


The Valuation Office website states that the property is currently assessed as follows:

Description: Surgery and Premises:
Rv £5,600

Prospective purchasers/occupiers are strongly advised to make independent enquiries of Birmingham Council Rating Authority on .


Services


We understand all mains services including electricity, gas, water and drainage are connected to the property.

The agents have not tested the services and prospective purchasers are advised to make their own enquiries regarding the adequacy and condition of these installations.


Money laundering


In accordance with Anti Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful applicant.


Price


Offers in excess of £110,000. Freehold sale subject to existing lease.


Viewings


Strictly by prior appointment with the sole agent Chivers Commercial. To minimise disruption to the current tenant, inspections will only be carried out via a block viewing.

Please contact Zafar Zackaria:

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

Arrange Viewing

For more information about this property, please contact
Chivers Commercial, B14 on +44 121 659 6210 * (local rate)

Contact Chivers Commercial about this property

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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 Chivers Commercial, and do not constitute property particulars. Please contact Chivers Commercial 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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