Property description

LOCATION

This superb leasehold business opportunity has an ideal and highly visible location in Small Heath, Birmingham. The business stands proud on the main Coventry Road with a diverse range of retail and commercial style businesses in close proximity. The business for sale is a restaurant which benefits massively from local trade and neighbouring businesses. Other retailers in proximity include Barclays Bank, Rex Centre, pharmacy and supermarkets amongst others.

DESCRIPTION

The property comprises of ground floor restaurant use with ancillary storage.

ACCOMMODATION

Restaurant Area: 135m2 (approx)

Kitchen Area: 25m2 (approx)

2 W/C

Features: We believe all current fixtures and fittings will be included with the sale.

TENURE

The restaurant is available on a 12 years renewable lease (ground floor)

RENT

£16,800 Per Annum

LEASE PREMIUM:

£95,000 ONO (includes business and fixtures + fittings)

USE

The property benefits from A3 and A5 planning consent.

RATES

£6,500 Per Annum (information supplied by lease holder)

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

Viewing: All viewings by prior appointment - contact RH Properties on 0121 7728488

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

RH Properties have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.

Viewing: For further information and viewing contact:

Regal Homes
510 Stratford Road
Sparkhill
Birmingham
B11 4AH


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.