Cottons Chartered Surveyors
Cavendish House, 359 - 361 Hagley Road
Edgbaston
Birmingham
West Midlands
B17 8DL
0121 247 4747
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The property is situated on a retail parade near the corner of Alum Rock Road and Thornton Road, in a prominent location on Pelham Shopping Centre, in a densely populated residential location, conveniently situated; -Circa. 0.5 miles from Alum Rock & Fox & Goose District Shopping Centre. -Circa. 0.5 miles from upcoming Washwood Heath HS2 Service Depo. -Circa 0.9 miles from Birmingham Heartlands Hospital. -Circa. 2.8 miles from Aston and Birmingham City University. -Circa. 2.9 miles from upcoming Curzon Street HS2 Station into Birmingham City Centre. -Circa. 3.4 miles from Birmingham City Centre -Circa. 5.9 miles from Birmingham Airport.
A ground floor retail restaurant unit set within a newly built three storey commercial development completed December 2022, following complete demolition of former retail unit. Our client has advised the property is within a 10 year New Build warranty. The unit has an 'A'-rated EPCs. The building is largely block cavity wall constructed with some steel frame/beams, with all external walls rendered finish.
With retail area, W.C, kitchen and office. Total Net Internal Area - 124.03 sq. metres (1,335 sq. ft).
Fore court.
TBC. Qualifying letting applicants may be able to claim Small Business Rates Relief. Landlords could direct tenants to make enquiries with the Charging Authority, Birmingham City Council.
Own 3 Phase Electricity supply, water, drainage. Fire alarm panel and system of smoke detectors, emergency lighting are installed on site.
The property is offered with a new 125 year lease with a peppercorn ground rent.
A service charge shall be payable towards buildings insurance for the development, external maintenance, internal maintenance of shared communal areas and communal electric. Our client shall set up service charge management prior to completion.
Offers are invited to be submitted in writing to “domalley@cottons.co.uk” along with supporting evidence of financing.
Each party shall be responsible for their own legal costs.
The Agent's commission is to be paid by the purchaser at 1.8% including VAT (1.5% plus VAT) of the agreed sale price.
854 Alum Rock Road is let on a 7 year full repair and insuring lease on 22nd March 2022. The tenant is currently paying £27,000 per annum.
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