Superior Estates is offering this rare opportunity to acquire a boutique business that has been fully renovated to a good standard and is generating income. The property is located on Moseley Road Balsall Heath Birmingham B12 9AT on a busy parade that has good footfall from surrounding areas and Joseph Chamberlain College. Within a 5 minute journey from the City Centre via Belgrave Middleway and nearby public transport links.
The Property is a ground floor retail shop with a further two separate massage rooms, fully fitted kitchen, showroom, bathroom and a basement that is accessed from the ground floor. An excellent opportunity to acquire a fully furnished business which can be operated as soon as possible.
Rent: The property is available at a rent of £12,000 per annum, subject to contract and terms to be agreed.
Rent: £3,000.00 (to be paid quarterly in advance)
Goodwill for the fixtures & fitting & 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.
Retail Space 25,53ft x 12,88 ft
Second Reception 13,04 ft x 12,91ft
Third reception 12,91 ft x 7,61ft
Kitchen 11,90 ft x 7,51ft
bathroom 7,76 ft x 5,785ft
Basement 25,5 ft x 11,87ft
Totalling to 1032.37 sq. ft²/ 95.91 sq m²
Money laundering
The money laundering regulations require identification checks are undertaken forall parties purchasing/ leasing property. Before a business relationship can beformed, 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.
