RETAIL UNIT TO LET
Retail - BIRMINGHAM
The property is located on Waterloo Road, in the busy suburb of Cape Hill approximately 2.5 miles from Birmingham City Centre, close to the Seven Stars junction on the B4125. Other retailers located nearby are; Greggs, Nowa Polka, Meridian Estates, Party Glamour and the Windmill Shopping Centre.
The property is the middle ground floor retail unit in a block of three, within a newly built retail parade.
It comprises of a retail unit with additional storage and WC to the rear.
The property benefits from a security shutter to the front and a steel secure door to the rear.
Retail Zone A 59.49 SQM
Ancillary 15 SQM
The property is available either on a 3 or 5 year term on a new Internal Repairing & Insuring Lease.
The annual rent is £12500 per annum
There is no VAT on the property
Incoming tenants would be responsible for 20% of all exterior repairs by way of a service charge for the development.
This would only be raised on the completion of any works.
There are no works planned for the next 12 months.
The Landlord insures the whole development, and recharges it back to the tenants.
The incoming tenant would be responsible for 20% of the whole premium.
Tenants are responsible for their own contents, Public Liability and plate glass insurance.
Information extracted from the Valuation Office Website has the RV listed as £7900.
Any new tenant may be entitled for Small Business Relief.
Interested parties should confirm the RV with the Local Authority.
The property has a EPC Rating of C (74)
Each party are responsible for their own legal costs in this matter.
Viewing is strictly by appointment only via sole agents Cooke Rudling.
Tel: 0121 212 1701