WELL LOCATED SHOP, ERDINGTON

75 High Street Erdington B23 6SA
£16,500 per annum (exclusive of rates)

The premises are well located on the main High Street directly opposite the Co-Op Supermarket. Other major retailers in the immediately vicinity include W H Smith, William Hill, Greggs, Boots, Superdrug, Cash Converters, Costa, etc.

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LOCATION
The premises are well located on the main High Street directly opposite the Co-Op Supermarket. Other major retailers in the immediately vicinity include W H Smith, William Hill, Greggs, Boots, Superdrug, Cash Converters, Costa, etc.

DESCRIPTION
The premises comprise a ground floor unit with first floor storage accommodation and basement.

ACCOMMODATION
Approximate internal dimensions and areas are detailed below:

GROUND FLOOR
INTERNAL WIDTH 19’10” 6.0 m
SHOP DEPTH 86’6” 26.4 m
GROUND FLOOR AREA 1565 sq ft 145 sq m
FIRST FLOOR
FIRST FLOOR AREA 460 sq ft 43 sq m
(including toilets)
BASEMENT
FLOOR AREA 1060 sq ft 98 sq m

LEASE
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.

RENTAL
£16,500 pa (exclusive of rates).

RATING ASSESSMENT
We are advised that the rating assessment is as follows:
Rateable Value: £18,250. Following the March 2020 Budget, we understand that Business Rates for premises with a rateable value of below £51,000 are currently abolished. Please contact the Local Authority for further information.

ENERGY PERFORMANCE CERTIFICATE
The property has a rating of 67 (Band C). 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 £229.36 (inclusive of VAT) per quarter on account, subject to annual reconciliation.
Building insurance for the year to 24 March 2021 is £940.07 (exclusive of VAT).

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in this transaction.

VAT
We understand that VAT is payable on the rental, however, interested parties are advised to make their own enquiries.

VIEWINGS
Strictly by prior appointment with AMT Commercial on
01527 821 111


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