Alum Rock Road, Ward EndAnnual Rental Of £15,000
Available to LetCottons Chartered Surveyors - 0121 247 474700005351
- Modern Ground Floor Retail Unit Build 2022.
- Desirable Commercial Location
- NIA 58.69 sqm metres
- EPC Rating: A
A MODERN ground floor retail unit in a MODERN DEVELOPMENT built in 2022. Comprising; retail area, kitchen, W.C and fore court. CIrca. 67 sq. metres (720 sq. ft). Available on Effective Full Repair and Insuring Lease.
Permitted Fees and Charges.
Holding Deposit: One week´s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person including any guarantor(s) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement and/or Deed of Guarantee within 15 calendar days or other Deadline for Agreement as mutually agreed in writing.
Security Deposit (per tenancy. Rent under £50,000 per year): Five weeks´ rent. This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour inc. VAT for the time taken replacing lost key(s) or other security device(s).
Variation of Contract £50 inc. VAT per agreed variation. (To cover the costs associated with taking landlord´s instructions as well as the preparation and execution of new legal documents)
Change of Sharer £50 inc. VAT per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord´s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination: Should the tenant wish to leave their contract early, they shall be liable to the landlord´s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Client Money Protection (CMP): RICS
Redress scheme: The Property Ombudsman
- Location
The property is situated on a retail parade near the corner of Alum Rock Road and Thornton Road, in a prominent location on Pelham Shopping Centre, in a densely populated residential location, conveniently situated;
-Circa. 0.5 miles from Alum Rock & Fox & Goose District Shopping Centre.
-Circa. 0.5 miles from upcoming Washwood Heath HS2 Service Depo.
-Circa 0.9 miles from Birmingham Heartlands Hospital.
-Circa. 2.8 miles from Aston and Birmingham City University.
-Circa. 2.9 miles from upcoming Curzon Street HS2 Station into Birmingham City Centre.
-Circa. 3.4 miles from Birmingham City Centre
-Circa. 5.9 miles from Birmingham Airport.
- Description
A ground floor retail unit set within a newly built three storey commercial development completed December 2022, following complete demolition of former retail unit.
With 'A' Rating EPC.
The building is largely block cavity wall constructed with some steel frame/beams, with all external walls rendered finish.
- Accommodation
With retail area, rear staff area/kitchen, W.C.
Total Net Internal Area - 66.9 sq. metres (720 sq. ft). Zone A - 31.98 sq. metres (344 sq. ft).
Property can be accessed to the rear via a communal passageway.
- Outside
Fore court.
- Business Rates
TBC.
Qualifying letting applicants may be able to claim Small Business Rates Relief. Landlords could direct tenants to make enquiries with the Charging Authority, Birmingham City Council.
- Services
Own 3 Phase Electricity supply, water, drainage.
Fire alarm panel and system of smoke detectors, emergency lighting are installed on site.
- Lease Terms
Our client is offering the property on an Effective Full Repair and Insuring Lease (FRI). Lease term subject to negotiation, with a minimum initial term of 4 years.
- Service Charges
A service charge shall be payable towards buildings insurance for the development, external maintenance, internal maintenance of shared communal areas and communal electric. Our client shall set up service charge management prior to completion.
- Offers
Proposals are invited to be submitted in writing to “domalley@cottons.co.uk”
- Legal Costs
Each party shall be responsible for their own legal costs.
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