Thornton Road, Ward End

Location

The property is situated on the corner of Thornton Road and Alum Rock 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.

Description

The first and second floor accommodation within a newly built three storey commercial development completed December 2022, following complete demolition of former retail unit.

The accommodation consists of with three office units at first floor and large storage at the second floor area.

Our client has advised the property is within 10 year New Build warranty. All 4 units have 'A'-rated EPCs.

The building is largely block cavity wall constructed with some steel frame/beams, with all external walls rendered finish.

Accommodation

First Floor

Accessed via secure entry door from ground floor off Thornton Road with stairs leading to first floor corridor with doors leading into;

Unit 1, 63 Thornton Road

Main unit area, W.C.
Total Net Internal Area - 70.15 sq. metres (755 sq. ft).

Unit 2, 63 Thornton Road

Customer Reception W.C., office
Total Net Internal Area - 54.97sq. metres (592 sq. ft).

Unit 3, 63 Thornton Road

Office area, W.C.
Total Net Internal Area - 34.36 sq. metres (370 sq. ft).

Unit 4, 63 Thornton Road (Second Floor)

With first floor hallway, stairs leading to second floor corridor, room one (16.09 sq. metres), kitchenette with W.C., room two (39.97sq. metres) with storeroom off (2.63 sq. metres) (client has advised that waste plumbing is in place which would accommodate W.C). Total Net Internal Area - 58.69 sq. metres (632 sq. ft).

Tenancy Agreements

Unit 2, 63 Thornton Road is currently let informally for £7,200 per annum. Whilst the unit can be offered with vacant possession on completion, the tenant has expressed a desire to remain in the property and a formal lease may be negotiable to be set up prior to completion subject to terms.

The rest of the development is offered with vacant possession on completion.

Business Rates

-Unit 1, 63 Thorton Road - TBC
-Unit 2, 63 Thornton Road - £5,600
-Unit 3, 63 Thornton Road - £4,950
-Unit 4, 63 Thornton Road (Second Floor Unit) - £5,800

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.

Services

3 Phase Electric supply, water, drainage. All units are sub metered off landlord's supply.
There is a private landlord meter room accessed via secure entry door from Thornton Road.

There are 4 main water supply lines to the building.
There is a single gas line utilised by 63 Thornton Road in part.

System of smoke detectors and emergency lighting are installed on site.

Lease Terms

The property is offered with a new 125 year lease with a peppercorn ground rent.

Service Charges

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.

Redevelopment Potential

The development may offer scope for alternative uses. Prospective purchasers are advised to make their own investigations with Birmingham City Council.

Offers

Offers are invited to be submitted in writing to “ ” along with supporting evidence of financing.

Legal Costs

Each party shall be responsible for their own legal costs.

Agent's Commission

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.