6-8 Alcester Road South, Birmingham, West Midlands, B14 7PU

Prominent Double-Fronted Retail Unit

Property details

Type Retail
Price Offers based on £40,000 plus VAT per annum
Mail icon

Enquire about this property

Save property
Features
  • Located in popular South Birmingham suburb
  • Prominent main road location with high footfall
  • Double fronted unit extending to 1,872 sq. ft. (173.97 sq m)
  • Former Café / Restaurant suitable for a variety of uses (subject to consent)
  • Car parking to the rear
  • Flexible lease terms (subject to vacant possession) - quoting rent £40,000 plus VAT per annum
Description

A prominent double retail unit extending to 1,872 sq. ft. (173.97 sq m) over ground and first floors. The ground floor comprises an open plan double fronted unit with ancillary accommodation to the first floor. The property previously traded as a Café / Restaurant.

Location
The property occupies a very prominent position on Alcester Road South near the junction with Vicarage Road, within the prime retail pitch close to Asda supermarket. Major multiple retailers within the immediate vicinity include Boots, WH Smiths, Superdrug, Argos and Poundland. It is also situated close to one of Kings Heath's main car parks in Institute Road. Kings Heath is a popular residential suburb of Birmingham located approximately 4 miles (6km) south of the City Centre, 25 miles (40km) north of Worcester and 20 miles (32km) west of Coventry. The town lies within 5 miles (8km) from Junction 3 of the M42, which in turn links to the M40 (J3A), the M5 (J4A) and the M6 (J7A).
External
There are two allocated car parking spaces to the rear.
Lease Terms
The property is available on flexible lease terms, subject to vacant possession, for a term to be agreed. The quoting rent is £40,000 plus VAT.
Business Rates
The current Rateable value is £35,000. This is not what you pay in business rates. The local council uses the Rateable value to calculate the business rates bill.
Service Charge
A variable proportionate service charge payable towards the management of the common areas.
VAT
VAT is applicable on rent and service charge.
EPC
EPC Rating of B.
Legal Costs
Each party is to be responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.