48 High Street, Kings Heath, B14 7JZ

RETAIL NET INTERNAL AREA 84.17 SQ. M (906 SQ. FT) APPROX. RETAIL UNIT WITH A3/A5 CONSENT PROMINENT HIGH STREET RETAIL FRONTAGE POTENTIAL PARKING TO REAR RESIDENTIAL UPPER FLOORS SELF-CONTAINED ACCESS FROM THE REAR

Location

Kings Heath is a popular and busy residential suburb situated some 3 miles to the south of Birmingham City Centre. It has long been recognised as one of the strongest Birmingham suburban retail centres with representation from a large number of national multiple retailers including, Argos, Asda, Sainsburys, Superdrug, Boots, Dorothy Perkins, Vodafone, NewLook, Poundland and Lidl.

The property is prominently situated fronting the busy section of Kings Heath High Street (A435) opposite the former bingo hall which has now planning for 30 flats and adjoining Belleza and Bike Pro. The A435 is a major arterial road from Birmingham City Centre to the south and also leading to Junction 3 of the M42 Motorway approximately 5 miles distant.

Accommodation

The property comprises a ground floor retail unit of approximately 84.17 sq. m (906 sq. ft) formerly occupied by Johnsons Dry Cleaners. The property has recently been approved for A3/A5 planning consent. The property has potential parking to the rear.

Internally the retail unit is in shell fit-out / finish but comprises a broadly open plan retail unit with single W/Cs to the rear. The retail unit gives access to a large basement

The upper floors are self-contained and are currently accessible either from an external steel staircase from the rear or from an internal staircase from within the retail area.

Terms

£20,000 per annum exclusive. The property is available on a new FRI lease for a term to be agreed, (minimum 10 years). Should a tenant wish to take part then a contribution towards building repair, insurance and roof would be payable on a pro-rata basis.

In line with the RICS Code of Practice for commercial leases, alternative terms may be considered. Contact the agents for further information.

Rateable value

The Valuation Office Agency website states that the property is currently assessed for rating purposes as follows:

Shop and Premises: RV £14,000 (including upper floors)

The estimated rates payable for 2019 - 2020 are approx. £6,900 for the whole. Small business rates relief may apply.

Services

We understand all mains services including, gas, electricity, water and mains drainage are connected to the property.

The agents have not tested the services and prospective occupiers are advised to make their own enquiries regarding the adequacy and condition of these installations

Planning

Viewings

Email Costs

Each party to bear their own legal costs.

VAT

All figures quoted are exclusive of VAT which will be added as required.

Additional Information

ENERGY PERFORMANCE CERTIFICATE

The property has an EPC rating of E (116). A copy of the certificate is available on request.

Misdescription act

CONDITIONS UNDER WHICH THESE PARTICULARS ARE ISSUED:

Chivers Commercial for themselves and for vendors or lessors of this property whose agents they are give notice that:

(i) the particulars are set out as a general outline only for guidance of intended purchasers or lessees and do not constitute nor constitute part of an offer or contract;

(ii) all descriptions, dimensions, references to conditions and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.

(iii) no person in the employment of Chivers Commercial has any authority to make or give any representation or warranty whatever in relation to this property.