Retail premises to let in Ladypool Road, Birmingham B12

The premises is situated on Ladypool Road in the famous Batli triangle on a prominent parade with a high footfall.

The premises comprise a ground floor fully refurbished shop which is currently running as a barber shop with the benefit of an electrically operated roller shutter, suspended ceiling, floor tiling and fixtures fitting.

Location

The premises are prominently located within a well-established retail parade on Ladypool Road, Sparkbrook, Birmingham B12 8JU.

Accommodation

The premises comprise a ground floor fully refurbished shop with the benefit of an electrically operated roller new suspended ceiling, floor tiling and fixtures and fittings

Approximate internal dimensions and areas are detailed below:

Ground floor

Shop area 11'43" / 3.44 m

utility 2'91" / 1.85 m

bathroom 2'10" / 2.12 m

Lease

The property is available upon a new lease for a term of years to be agreed upon in multiples of 5 years with 3 years rent reviews.

Rental

£24,000 pa (exclusive of rates)

Rating assessment

We are advised the Rateable Value: £0,00. Please contact the Local Authority for further information.

Fixtures & fittings

The ingoing tenant will be required to pay £60,000 goodwill for the business and the fixtures and fittings.

Building insurance

The tenant of the shop will be responsible for 50% of the cost of insuring the whole building.

Energy performance certificate

A copy of the certificate is available upon request.

Legal costs

Each party is to be responsible for their own legal costs incurred in this transaction.

VAT

We understand that VAT is not payable on the rental, however, interested parties are advised to make their own enquiries.