Property description

LOCATION:
This superb leasehold opportunity is situated on Ladypool Road in Sparkbrook, Birmingham. The area has a rich multicultural mix of population and Ladypool Road has a variety of occupiers, housing and offices. The premises location also has a diverse selection of retail and commercial style businesses in the area like Plaza Restaurant, Pepe's, Dawat Restaurant and Lahores Restaurant. A business in close proximity enhances the commercial premises on offer as it attracts visitors to the area throughout the year.

DESCRIPTION:
The property comprises a double unit, two storey building with ground floor retail space together with w/c, kitchen and ancillary storage. Accommodation on the first and second floor. The property is currently vacant.

ACCOMMODATION:
Ground floor accommodation:
Ground floor restaurant area: 675 sq ft approx
Ground floor kitchen area: 498 sq ft approx
Ground floor ancillary area: 375 sq ft approx

Fitting and fixtures:
6 hob gas burners
4 individual burners
A tandoor
2 extractor systems
To the rear of the kitchen is a preparation room, 2 walk in chillers and a store room. In the main restaurant area is the male and female w/c.

First floor accommodation: 669 sq ft approx

The first floor comprises of:
Two good size rooms
Bathroom
Kitchen - fitted units, build in electric oven and hob
Store room

Second floor accommodation: 302 sq ft approx

The second floor comprises of:
One spacious room
Store room
Accessed by separate staircase

CURRENT USAGE::
The premises currently holds A3/ A5 planning consent

SERVICES:
Electricity, Gas and water service are available. The lessee shall make their own arrangements for the provision of any services required and pay all costs or charges in connection therewith direct to the relevant supply authority.

LEASE:
The whole property will be offered on a 15 years renewable lease (Full Repairing and Insuring lease)

LEASE PREMIUM:
Offered around £60,000 ONO

RENT:
£35,000 Per Annum

RATE ABLE VALUE:
£10,500 Per Annum (parties should verify this information with the local rating authority)

COSTS:
The in-going tenant will be responsible for the payment of the landlord's legal costs, building insurance and agent administration fees.

***** Upon taking occupancy a three months advanced rent and three months deposit will be required *****

Viewing: For further information and viewing contact:

Regal Homes
510 Stratford Road
Sparkhill
Birmingham
B11 4AH

Tel: 0121 772 8488


1. MONEY LAUNDERING REGULATIONS Intending purchaser will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. R.H. Properties have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interest to check the working condition of any appliances.
6. R.H. Properties has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.