Superior Estates is proud to present this fantastic building to lease with Malaysian restaurant on the ground floor and an additional three bedroom flat on the first and second floor. Currently operating as a tastefully furnished restaurant in an ideal parade of the busy Kings Heath High Street, local to the Kings Heath Train Station, local bus stops, Moseley Village and Birmingham City Centre just a short distance away.
The ground floor features prominent glass frontage entering into a spacious dining area with a welcoming, modern interior to comfortably accommodate up to 50 covers, perfect for both casual and formal dining, along with customer parking at the front. To the rear, a fully equipped commercial kitchen complete with canopy hood, stainless steel appliances, and generous preparation space designed to support a smooth-running operation.
The first and second floor benefits from a three bedroom flat with a large lounge, and a bathroom ideal for owner or staff use.
Holding a food licence, this property presents an excellent opportunity for either an experienced business or a new venture. Its prime location, combined with its stylish dining area and fully fitted facilities, makes it ideal for a business to take over from the start.
Ground Floor Shop: 1,079.05 sq. ft²
Rent: The property is available at a rent of £30,000.00 per annum, subject to contract and terms to be agreed.
Rent: £7,500.00 (to be paid quarterly in advance)
Goodwill for business: £65,000.00
Deposit: Equal to 3 Months Rent
Repair obligations: Full Repairing and Insuring Terms.
Building Insurance: Building Insurance premium payable.
Legal fees: Both parties pay their own legal fees
Business Rates: Birmingham City Council
Agency fees apply.
Money laundering
The money laundering regulations require identification checks are undertaken for all parties purchasing/ leasing property. Before a business relationship can be formed, we will request proof of identification for the purchasing/leasing entity.
Our agency will not progress an application until the holding deposit has been paid and an application form is completed and returned by the applicant(s). To avoid unnecessary delays, it’s important that you return your application form(s) within 48 hours.
The holding deposit is the equivalent of one week’s rent, which once paid, is offset against the total balance due.
A tenancy cannot be completed until the agreed first month’s rent and bond are paid in full. On occasions, the Landlord may request a guarantor in order to offer a tenancy subject to referencing. The holding deposit is non-refundable should following referencing, it is discovered that key material facts have been omitted or prove false which then leads to the Landlord declining your application.
By paying the holding deposit, the property you have reserved will be taken off the market and all future viewings cancelled, and it is therefore deemed fair that the tenant will receive no refund should they later decide not to take up the tenancy or fail to move in on the agreed proposed check in date.
If the Landlord decides against proceeding with the tenancy, the tenant will receive a full refund of all monies paid.
Our helpful team are on hand to answer any queries and concerns you may have.
