LARGE RETAIL PREMISES – FOR SALE OR TO LET, NORTHFIELD
£55,000 per annum (exclusive of rates)
These large retail premises occupy an excellent trading location within the heart of Northfield. The premises are adjacent to Turkish Style Barbers and close to Max Spielmann, West Brom Building Society, Allegro Lounge and The Northfield Shopping Centre.Download PDF
These large retail premises occupy an excellent trading location within the heart of Northfield. The premises are adjacent to Turkish Style Barbers and close to Max Spielmann, West Brom Building Society, Allegro Lounge and The Northfield Shopping Centre.
The premises comprise a ground floor shop with first floor ancillary accommodation, formerly trading as ‘Boots’.
Approximate internal dimensions and areas are detailed below:
SALES AREA 3620 sq ft 336 sq m
ANCILLARY 435 sq ft 40 sq m
TOTAL NET GROUND FLOOR AREA 4055 sq ft 376 sq m
STORAGE/STAFF 4010 sq ft 372 sq m
NOTE: The premises could be extended to provide a further 1150 sq ft at ground floor to include 754 Bristol Road South
The property is available by way of a new fully repairing and insuring lease for a term of years to be agreed upon in multiples of 5 years.
Ground Floor only: £50,000 pa (exclusive of Rates)
Ground & First Floors: £55,000 pa (exclusive of Rates)
Alternatively, the freehold interest is for sale at a price of £675,000.
We are advised that the rating assessment is as follows:
Rateable Value: £64,000
Rates Payable 2019-2020: £32,256
Please contact the Local Authority for further information.
ENERGY PERFORMANCE CERTIFICATE
The property has a rating of 92 (Band D). A copy of the certificate is available upon request.
SERVICE CHARGE & INSURANCE
The ingoing tenant will be responsible for the payment of a variable service charge, which is currently £381.41 for the year. Building insurance for the current year is £13,913.07 plus VAT.
Each party is to be responsible for their own legal costs incurred in this transaction.
We understand that VAT is payable on the rental/purchase price, however, interested parties are advised to make their own enquiries.
Strictly by prior appointment with:-
AMT Commercial on 01527 821 111 or
Nicholas Brett & Co on 01527 875 669