Leasehold retail unit for sale in Arcadian Centre Birmingham with 1400 sq ft of space
Birmingham, West Midlands
- Status
FOR SALE
- Advert ID
651232
- Reference
3252 / Rightbiz
- Call Agent:
- Leasehold: £130,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Leasehold Retail Unit Located In The Arcadian Centre, Birmingham
Leasehold Retail Unit Located In The Arcadian Centre, BirminghamPrime Retail Space Suitable For Many Uses
Retail Area 1400 SQ FT
Basement 807 SQ FT
Ref 3252
Asking Price £130,000
Location
Prime leasehold retail unit situated within The Arcadian Centre, Birmingham’s vibrant Chinatown and Southside district. The property benefits from a prominent trading position within a well-established leisure and entertainment destination and would suit a wide variety of retail and café-style operators.
Business Description
Veritas Business Sales are delighted to offer the lease for sale of this prime retail space which is located In The Arcadian Centre, Birmingham. Our client purchased the lease in 2022 and is now offering the space in order to concentrate on other business interests.
They purchased the unit as an empty shell and since acquiring the lease, have undertaken a comprehensive fit-out including new drainage, electrics, utilities, fire systems, water supply, air conditioning and CCTV. All fixtures and fittings are fully owned and included within the sale price. The premises would suit a variety of retail uses as well as light food operators such as a coffee shop or sandwich bar. Please note there is currently no gas supply to the premises, therefore a full restaurant operation may not be suitable.
We believe that the space would suit large retailers or niche independents due to its prominent location. With that in mind early viewing is highly recommended.
Leasehold
Term: 10 years
Remaining: 6 years
Rent: £27,000 plus VAT pa
Reviewed: 5 yearly
Service charge: £12,000 plus VAT pa
Business rates: zero
Ground Floor
Retail area (1,400 sq ft) with 2 x partitioned rooms, office area & staff room, door with metal stairs leading down to the basement, rear exit door leading to the car park.
Basement
(807 sq ft)
Large storeroom with water tank, sewage tank.
Staff toilet with W/C, wash basin and mop sink.
Staff kitchen with stainless steel sink drainer and base storage cupboards.
Contact Agent
Map
What's Nearby
Listing Statistics
Advert Statistics Graph
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
