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Summary

Lease Purchase Opportunity On A Retail Premises With Two Bedroom Living Accommodation On Ladypool Road - Birmingham

Description

LOCATION: ?This superb opportunity is situated on Ladypool Road in Sparkbrook, Birmingham. The area has a rich multicultural mix of population and Ladypool Road has a variety of occupiers, housing and offices. The premises location also has a diverse selection of retail and commercial style businesses in the area like Al Frash Balti Restaurant, Pepe?s, and Lahore?s Restaurant. A business in close proximity enhances the commercial premises on offer as it attracts visitors to the area throughout the year. ?
DESCRIPTION: ?The property comprises a single unit, two storey building with ground floor retail space together with storage room and kitchen. Accommodation on the first floor. The property is currently vacant. ?
ACCOMMODATION
Internal width: 4.75 m Approx. ?
Internal length: 13.81 m Approx.
Total: 66 sq m Approx.?
Total: 706 sq ft Approx.
The first floor comprises of: ?Two good size rooms, ?Bathroom ?and Kitchen ?
CURRENT USAGE: ?The premises currently hold A1/ A3 planning consent ?
SERVICES: ?Electricity, Gas and water service are available. The lessee shall make their own arrangements for the provision of any services required and pay all costs or charges in connection therewith direct to the relevant supply authority. ?
LEASE: ?The whole property will be offered on a new renewable lease (Full Repairing and Insuring lease)
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LEASE PREMIUM: ?Offered around £40,000 ONO
RENT: ?£1,900.00 per month ?£22,800.00 per annum?
RATEABLE VALUE: ?Parties should verify this information with the local rating authority
COSTS: ?The in-going tenant will be responsible for the payment of the landlord?s legal costs, building insurance and agent administration fees. ?* Upon taking occupancy a three months advanced rent and three months deposit will be required * ?
An ideal opportunity not to be missed, viewing highly recommended
?Viewing:
By prior appointment with RH Properties on ?
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 buyer?s 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