The property is located on Moseley Road in Balsall Heath approximately one mile south of Birmingham City Centre which can be accessed via Bristol Road (A38), Pershore Road (A441) and Stratford Road (A41).
Location
The retail premises is located on a prominent retail parade on the ground floor units of Moseley Road, B12 9AD, with a rear access for loading area which also provides car parking for 30 cars parking for customers.
Accomodation
The premises comprise a ground floor retail shop benefit of an electricallyoperated rollers ceiling lights, brown flooring, air conditioning. The rear area of the shop has a commercial sink. work stainless tables, suspendedceiling, air conditioning, CCTV door leading to W.C and access to the rear carpark.
Approximate internal dimensions and areas are detailed below:
Ground Floor
Retail Shop Sq. ft" 650/ Sq. m 60.38
Lease
The property is available upon an existing lease for a term of 10 year startedon the 1 September 2018 with a 5-year rent reviews
Rental
£12,500 P.A. (exclusive of rates)
Rating Assessment
We are advised the Rateable Value: £0,00. Please contact the Local Authorityfor further information.
Fixtures & Fittings
The ingoing tenant will be required to pay £85,000 for the business and the fixtures and fittings.
Building Insurance/ Service Charge
The tenant of the shop will be responsible for insuring the shop and the service charge is £195.00 per month.
Energy Performance Certificate
A copy of the certificate is available upon request.
Legal Costs
The ingoing tenant will be responsible for the legal costs incurred in thistransaction.
VAT
We understand that VAT is not payable on the rental, however, interestedparties are advised to make their own enquiries.
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.
