Offers over
£325,000
(£215.23/sq. ft)
Retail premises for salePershore Road, Stirchley, Birmingham B30
1,510 sq. ft
About this property
Prominent Location
Main Road Frontage
Freehold Title
Income Producing
Location
The property is situated in Stirchley – a district to the south west of Birmingham with its principal access being the Pershore Road (A441) which connects to the A38 Bristol Road in turn to the A38(M) Aston Expressway. The property fronts onto a busy section of Pershore Road forming part of an established retail parade of similar style retail units.
Description
The property comprises a two storey mid-terrace brick-built building surmounted by a pitched tiled roof. Internally, the ground floor comprises retail accommodation with a solid concrete floor, part carpet and part tiled covering, plastered and painted walls and ceilings, fluorescent lighting, extraction canopy, WC facilities and a single storey store at the rear. The first floor comprises a 2-bedroom flat with open plan lounge/kitchen area and separate bathroom. Externally, the property benefits from a glazed shop front.
Services
We are advised all main services are connected to include mains gas, water and electricity.
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.
Occupational Lease
The property is let on a 15-year lease with effect from 6 June 2018 at a passing rent of £25,000 per annum exclusive. The rent is subject to an open-market rent review on 6 June 2027, with rent reviews every three years thereafter.
Tenure/Rent
The freehold interest is available at offers in excess of £325,000 subject to contract.
Business Rates
The property is currently listed within the 2023 rating listing as having a rateable value of £11,000. Rates payable will be in the region of £4,202.00 per annum. Small business rates relief may apply.
Interested parties are advised to make their own enquiries to Birmingham City Council on .
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.
The property is situated in Stirchley – a district to the south west of Birmingham with its principal access being the Pershore Road (A441) which connects to the A38 Bristol Road in turn to the A38(M) Aston Expressway. The property fronts onto a busy section of Pershore Road forming part of an established retail parade of similar style retail units.
Description
The property comprises a two storey mid-terrace brick-built building surmounted by a pitched tiled roof. Internally, the ground floor comprises retail accommodation with a solid concrete floor, part carpet and part tiled covering, plastered and painted walls and ceilings, fluorescent lighting, extraction canopy, WC facilities and a single storey store at the rear. The first floor comprises a 2-bedroom flat with open plan lounge/kitchen area and separate bathroom. Externally, the property benefits from a glazed shop front.
Services
We are advised all main services are connected to include mains gas, water and electricity.
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.
Occupational Lease
The property is let on a 15-year lease with effect from 6 June 2018 at a passing rent of £25,000 per annum exclusive. The rent is subject to an open-market rent review on 6 June 2027, with rent reviews every three years thereafter.
Tenure/Rent
The freehold interest is available at offers in excess of £325,000 subject to contract.
Business Rates
The property is currently listed within the 2023 rating listing as having a rateable value of £11,000. Rates payable will be in the region of £4,202.00 per annum. Small business rates relief may apply.
Interested parties are advised to make their own enquiries to Birmingham City Council on .
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.
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