** GROUND FLOOR COMMERCIAL PREMISES ** A HIGHLY PROFITABLE BUSINESS FOR SALE ** JUST OFF STRATFORD ROAD & LADYPOOL ROAD – FULLY SET UP AND RUNNING – BANQUETING & POTENTIAL RESTAURANT – CALL NOW 0121 773 5500 **

 

Midland Housing Ltd are very proud to present this excellent business opportunity located in the highly populated location of B12 on the Stoney Lane, Balsall Heath. It is a very well presented and newly renovated Banqueting Hall and Potential Restaurant. The property is decorated very uniquely and is very pleasant to the eye. It is a ground floor premises with a large high quality seating area, car park available, luxury entrance and spacious kitchen area. The business itself has been trading for just under a year and is expected to build an excellent rapport and client base (looking to sell due to personal circumstances and other commitments). The premises currently has an A3 licence planning, there are many uses for this premises such as a wedding hall, convenience store, restaurant on ground floor, boutique and many more. There are parking spaces outside the shop, and the shop is located in a busy parade on the Stoney Lane inside the Balti Triangle. A great opportunity has arisen for the right person to take over and maximise a return on investment and increase profits.

 

There is also a possibility of an interested party to take over the ground floor and first floor of these premises. Our clients are reluctantly offering the business to the market due to genuine personal circumstances. Since our clients took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that this Banqueting Hall can offer a high annual turnover which is derived from offering a fantastic experience. This is a superb opportunity to purchase an established business, which is a great base to build upon; early viewings are highly recommended as businesses of this calibre rarely stay on the market for long. VIEWINGS ARE HIGHLY RECCOMMENDED – CALL NOW ON 0121 773 5500.

 

Commercial Information

• Established Luxury Banqueting Hall & Potential Restaurant 

• Successfully running business

• Spacious Property

• Unique Internal seating area

• Located just off main Stratford & Ladypool Road

• Massive scope for increased profits

• Premium/goodwill required

• Great Potential

• Newly Refurbished – customised decor

 

Key Features

• Luxury decoration

• Authentic seating

• Large reception area

• Spacious kitchen area

• All fittings for a banqueting hall

• High quality design

 

 

Location

This superb hall has an ideal location situated in the well sought after area of Balsall Heath just off the main Stratford Road and Ladypool Road. The business is well positioned in the well known balti triangle near to large supermarkets and variety of shops creating a high amount of passing trade. Balsall Heath has become a very desirable business location due to its excellent shopping facilities, good schools, parks, central network access and amazing prospects. This is a highly recommended location for those who are looking for the city life style with a growing business.

 

Rents and Rates

Rental Price is £400 per calendar week

Good Will: £45,000 o.n.o. 

 

Options

 

Planning

The property is considered suitable for use as a banqueting hall but also has planning for a restaurant on the ground floor. All interested parties are to make their own specific enquiries directly with the Local Planning Authority as to their intended use.There is a great deal of potential in the property and can be used for many trades. The current business is a large Banqueting Hall which has an excellent review and customer base. There is a massive scope for increased profits by offering alternative experiences to the cliental.

 

Tenure

The accommodation is available by way of a new lease.

 

Premium

£45,000 including all fixtures and fittings 

 (Please note this is negotiable or to the nearest offer)

 

Viewings

Available immediately upon request – call now on 0121 773 5500