B44 9SB

A ground floor retail premises within the busy and substantial shopping centre of KINGSTANDING.

Location

The property is situated on Kingstanding Road close to Kingstanding Circle within the busy and substantial local shopping centre of Kingstanding.

Kingstanding is predominantly a residential suburb on the northern side of Birmingham approximately 5 miles to the north of Birmingham City Centre.

Description

The premises comprise a mid-terrace retail property with substantial glazed frontage off the Kingstanding Road.

Formally used as a barber shop the property comprises a front sales area with a partition providing rear storage and WC facilities.

Externally the property benefits from a front forecourt with free parking within the immediate vicinity.

Should any parties be interested in acquiring the whole, the first floor comprises a substantial 3 bed flat with outbuildings and a rear entrance from Tresham Road.

Accommodation

Ground Floor (NIA) 610 ft2 (56.67 m2) approx.

Rental / Terms

The property is available to let on a new lease with length to be agreed at £7,750 per annum exclusive.

Alternatively, consideration will be given to the sale of the freehold interest with offers over £200,000 sought.

VAT

All prices quoted are exclusive of VAT which we understand is not payable.

Business Rates

Rateable Value - £3,400 obtained from the Valuation Office Rating List.

However, businesses may benefit from 100% business rates relief in 2019/2020 on this property.

Interested parties are advised to make their own enquiries with the local authority for verification purposes.

Planning Use

We understand the property has consent under Use Class A1 (Retail).

The property may be suitable for alternative uses, subject to obtaining the necessary change of use.

Energy Performance Certificate

Assessment awaited.

Money Laundering

In accordance with Anti Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful applicant.

Legal Costs

Each party to bear their own legal costs associated with this transaction.

Availability

The property is immediately available following the completion of legal formalities.

The property is available to let on a new lease with length to be agreed at £7,750 per annum exclusive.

Alternatively, consideration will be given to the sale of the freehold interest with offers over £200,000 sought.