Ground Floor, 25 Lordswood Road, Birmingham, B17 9RP
£125.58 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,389 sq ft
222 sq m
- SECTOR
Leisure facility for sale
Description
The property comprises of a licensed restaurant premises which occupies the entirety of the ground floor accommodation. It is currently let to a restaurant occupier who has been in occupation since 2013.
The space comprises of entrance vestibule, bar, and reception area with restaurant accommodation for approximately 80 covers, male and female WC and commercial kitchen facilities.
Location
The property is situated on Lordswood Road, within the affluent Edgbaston constituency and lies approximately 3 miles South West of Birmingham City Centre.
Harborne is considered one of Birmingham’s wealthier suburbs with an abundance of bars, eateries, and boutique retail outlets.
Terms
We are inviting offers in the region of £300,000 for the virtual-freehold interest with the benefit of the occupational tenancy.
All prices quoted are exclusive of VAT, which may be payable.
Accommodation
Net Internal Area - 2,389 ft2 (222.70 M2) Approximately
Terms
We are inviting offers in the region of £300,000 for the virtual-freehold interest with the benefit of the occupational tenancy.
Tenancy Details
The ground floor demise is let in its entirety to Mr Salam on a lease which commenced on 1st April 2015. The lease expires on 31st March 2040 at a current passing rental of £30,000 per annum.
Tenure
The property is held virtual freehold for a term of 999 years from 25th January 2000.
We understand that the current ground rent is £50 per annum
Service Charge
Approx. £1,000 PA. To be confirmed.
VAT
All prices quoted are exclusive of VAT, which may be payable.
Legal Costs
Both parties to bear their own legal and surveyor’s fees incurred during the transaction.
Services
We understand that the premises has the benefit of all mains services connected on, or adjacent to, the subject premises.
The agent has not tested the suitability of the connections and recommends that all interested parties carry out their own investigations.
Anti-Money Laundering
The successful applicant will be required to provided two forms of ID documentation and proof of funding to satisfy anti-money laundering protocols.
Viewing
Strictly via the sole agent Siddall Jones.
Brochures
Ground Floor, 25 Lordswood Road, Birmingham, B17 9RP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- University Station1.1 miles
- Selly Oak Station1.6 miles
- Five Ways Station2.1 miles
About Siddall Jones Ltd, Birmingham
The Mint 95 Icknield Street Hockley Birmingham B18 6RU
Siddall Jones are an independent firm of commercial property consultants based in Birmingham and covering the West Midlands region.
We are multi disciplined businesses who pride ourselves in delivering the highest standard of client care, using our knowledge and experience of local and regional markets to provide a range of services to our local and national clients.
Since our inception we have secured over one million sq ft of commercial agency instructions. Our clients vary from
Notes
Disclaimer - Property reference 205398-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Siddall Jones Ltd, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.