182-184 High Street, Harborne, Birmingham, B17 9PP
£260.22 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,690 sq ft
250 sq m
- SECTOR
High street retail property for sale
Description
The property comprises a former high street bank premises which has recently been converted to provide a large coffee house and restaurant premises benefiting from substantial double frontage to the high street.
Location
The property is situated along Harborne High Street within the affluent Edgbaston constituency and lying approximately 3 miles Southwest of Birmingham City Centre.
Harborne is considered one of Birmingham’s wealthier suburbs with an abundance of bars, eateries and boutique retail outlets.
The subject property is located in the centre of the High Street with local occupiers including Slug & Lettuce, Harborne Kitchen, Pizza Express, Caffe Nero and Oliver Bonas.
Tenure
The property is held freehold.
Tenancy
The property is let to COFFEE TALES HARBORNE T/A COFFEE TALES LTD on a new 15-year lease from July 2023 at £50,000 per annum rising by £1,000 on each anniversary for the first two years and is reviewable 5 yearly to open market value.
Covenant
Coffee Tales currently trade from both Harborne and Jewellery Quarter having been in business for approximately 8 years.
Pricing
Offers in excess of £700,000 are sought, subject to contract reflecting NIY of 7.14% (based on £52,000 pa and assuming purchasers’ costs of 4%) and a low underlying Capital Value of £260 ft2.
VAT
All prices quoted are exclusive of VAT which we understand is not payable.
Energy Performance Certificate (EPC)
Energy Performance Certificate (EPC) 85 D
Money Laundering
The money laundering regulations require identification checks are undertaken for all parties purchasing/leasing property.
Before a business relationship can be formed, we will request proof of identification for the purchasing/leasing entity.
Legal Costs
Each party are to be responsible for their own legal fees incurred during this transaction.
Viewings and Further Information
Viewings and Further Information strictly via the sole selling agent Siddall Jones.
Brochures
182-184 High Street, Harborne, Birmingham, B17 9PP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- University Station0.8 miles
- Selly Oak Station1.4 miles
- Five Ways Station1.7 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 182691-1. 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.
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