Price: Rent: £6,375 Per Annum
Size: SOA Primary Category: Industrial All Categories:
Industrial, Property Ref/Movehut: MH509643 Property Ref/Agent: 614-WRIGHT STREET
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Property Date Information
Last Updated: October 13, 2019
RH properties are delighted t have been instructed to find a leaseholder for this industrial site.Any buyer looking for a reliable investment will want to take a closer look at the opportunity this business representsLocationThe property occupies a highly prominent position fronting on Wright Street at its busy junction with the B4145 Muntz Street. Wright Street is a busy local route serving the eastern suburbs of Small Heath and Bordesley Green. The property is situated within a densely developed area with a mix of residential, retail and other commercial development within the immediate vicinity. Description.The premises consist of two storey industrial unit with car park.Currently being used as Car workshop and repair Centre.First floor consists of 3 purpose made offices with w/c.Area Internal Floor area 529 sq m approx (5700 sq ft approx)TenureHead Lease was issued in February 2014 for 25 Years.Sublease issued September 2015 for 10 Years. ( Full Repairing and Insuring Lease)RentHead lease - 6,375.00 per annumFixed Rent Review in February 2020 to 9,000 per annumSublease - 16,500.00 per annumOpen market rent review 2019Current head leaseholder is receiving a profit of 10,125.00 per annum Lease Premuim100,000 o.n.oUsageThe property benefits from an existing B8 consent.Costs: The in-going tenant will be responsible for the payment of the landlord's legal costs, building insurance and agent administration fees. ***** Upon taking occupancy a three months advanced rent and three months deposit will be required ***** Viewing: For further information and viewing contact: RH Properties510 Stratford Road Sparkhill Birmingham B11 4AH 1. MONEY LAUNDERING REGULATIONS Intending purchaser will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.2. These particulars do not constitute part or all of an offer or contract.3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.4. Potential buyers are advised to recheck the measurements before committing to any expense.5. R.H. Properties have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interest to check the working condition of any appliances.6. R.H. Properties has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
EPC for WRIGHT STREET
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