The property is located in an established residential area, approximately 4 miles West of Birmingham City Centre. The shop forms part of a well established neighbourhood parade, with a diverse range of retailers and service providers including a Beautician, Fish Bar, Butchers, Snack Shop, Hairdressers, Café and Blinds Shop. There is a One Stop Convenience Store located opposite the subject premises.
The premises comprises of a ground floor shop, offering the following accommodation, Sales Area: 23.8sqm (256sqft) Rear Sales Area/Store/Ancillary: 14.8sqm (195sqft)
Toilet with WC.
The premises are offered TO LET, buy way of a new tenants Full Repairing and Insuring Lease for a term of 3 years from completion.
£6250 (Six Thousand, Two Hundred and Fifty Pounds) per annum exclusive, payable quarterly in advance.
The VAT exemption for the property has not been waived and so, the rent will not attract VAT.
We have made enquiries with the Valuation Office Agency and understand the premises have a Rateable Value of £3300 (Interested parties are advised to establish their individual liability for Business Rates for Reference by the Charging Authority). By virtue low rateable value it is likely that qualifying occupiers will benefit from Small Business Rates Relief.
Please see the Energy Performance Certificate attached to these particulars. EPC Rating: TBC
Each Party to Bear their own Legal Costs incurred with the preparation of completion of the New Lease.
Strictly by the Sole Letting Agents: Cottons Chartered Surveyors Telephone: 0121 247 2030 - Mr Stephen Sutton email: ssutton@cottons.co.uk