Property description

R H Properties are pleased to have been appointed as sole selling agent in order to seek a purchaser for this very well positioned business, which has only been made available for sale due to our client wishing to pursue other business interest.
In addition to the normal newspapers and magazines, this small, easily run local community newsagent also sells greeting cards, confectionery, soft drinks, convenience goods and is licensed to sell alcohol. The business was granted the National Lottery in August 2012 as well as PayZone etc.
There are no newspaper delivery rounds.
This is an ideal first business which we would strongly urge early viewing is recommended.
Location:
located on a very busy main road within a South Birmingham suburb and serves both local community and passing traffic.

Premises details:
Small rear storage area, toilet, kitchenette with rear door at the back.

Lease premium:
£14,000

Rent:
£13,000 per annum

Lease terms:
Leasehold - we understand a fully renewable 15 years lease which commenced in 2010 is in place for any purchaser. Rental of £13,000 per annum and is subject to 3 years rent review.
Rent Deposit: The in-going tenant will be required to pay a rent deposit of 3 months.

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

Rates: TBA


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.