F/h Development Site F/h £1.25m | | Birmingham West Midlands | | WEST MIDLANDS F/H DEVELOPMENT SITE Located on busy arterial road 12,000 sq ft x 70 ft high Numerous uses STPP inc residential, retail or bowling alley Currently leisure related F/H: £1.25M as a share sale REF: 9461B | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 43334
ADVERT IMPRESSIONS : 20,710 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Empty & Vacant Premises | | SALE: | Agent Sale | FREEHOLD: | £1.25M | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The site is ideally located on a busy main arterial road in the very heart of a densely populated suburb of Birmingham and is surrounded by residential properties.
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this excellent potential development site which has numerous future uses from residential conversion to a supermarket to a bowling alley and many many more.
Owned by the present vendors since 1982, the site is only now being offered for sale following their ill health and wish to retire.
The building, which was constructed in 1931 as a theatre and has always had a leisure theme to its present day. It is very robustly constructed in that engineering bricks were primarily used throughout.
The floor level is approx 12,000 sq feet and is circa 70 feet high.
The existing business run by the two vendors will either relocate or cease trading once redevelopment starts.
Two leases currently run for telephone masts on the roof of the building. One is with Orange and the other with O2. These currently contribute £24,000 per annum in rental income.
Electricity is metered separately to the two masts and they look after all their own maintenance. The two businesses wish to continue with the leases which actually expired in March 2010.
Full site plans can be given to interested parties, together with scaled drawings.
REF: 9461B
TENURE: Freehold
We are advised that the annual business rates are currently: £6,700
LEGAL COSTS:
Each party is responsible for their own legal costs. | | | | | | FOR SALE | | | | | REFERENCE: | 9461B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
