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THIS BUSINESS IS NOW UNDER OFFER

Vacant A1 Commercial Property In Birmingham

Birmingham, West Midlands
Leasehold Price:
£9,995
Find more details, or book a viewing:
Status
UNDER OFFER
Advert ID
227674
Reference
6464 / Rightbiz

Details

    Situated On Parade With Roadside Parking

    New 10 Year Lease Offered

    Terms Fully Negotiable

    Would Suit Many Uses

    Potential For 2 Bedroom Accommodation

    EPC - D

Description:
6464 Vacant A1 commercial property
Blacks Business Brokers are pleased to bring to the market this A1 rental opportunity in the much sought after area of Birmingham, West Midlands.

INTRODUCTION
Currently equipped with a clothing and haberdashery store, this vacant upon sale commercial property has become available on a new lease with a premium of £9,995 and a rent of £317 per week. Currently the building has an A1 trading license and this would suit many retail outlets with space above for a conversion to a two bedroom accommodation for a new owner to either live in or achieve a rental income from a tenant. A lock up shop only option would also be considered.

LOCATION
Birmingham is a major city in England’s West Midlands region. The property itself is on a purpose built retail parade of shops including a pharmacy, a family butchers a dental practice and a pet store. The property is well linked with the A4040, M6 and the B4147.

REASON FOR SALE
The property is available to let due to our clients wish to retire.

LEASE
The building is available on a Full Repair & Insure lease (FRI) with a new 10 year lease available with rent reviews every 3 years. The rent will be £317 per week / £16,500 per annum.

BUILDING LAYOUT AND DESIGN
The building is a mid terrace single fronted unit in a small commercial area of shops serving a residential area. The inside retail area is open plan and is currently being used as a clothing and haberdashery store - this will be vacant upon sale. On the first floor there are four rooms, currently used as storage but could potentially be converted into a two bedroom accommodation. There is plenty of designated parking in the area as well as on road parking.

SUMMARY
This property has huge potential with many uses available in the retail area. Also, an application for a A3 or A5 licence could open up the property to many cuisines and business ventures. The upstairs could also be changed from storage to a two bedroom accommodation for either a new owner to live above their business or for a new owner to achieve a steady rental income. Early viewings are strongly advised.

Fixtures & Fittings:
Sales Counter
Steel Window Shutters

Opening Hours:
Currently Closed.


Weekly Rent:
£317 Per Week. Weekly Rent:
£317 Per Week.
Seller Details
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Listing Details
Leasehold Price: £9,995
Tenure: Leasehold
Sector: Empty And Vacant Premises, Commercial Properties
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