363 Hagley Road, Birmingham

LOCATION
The premises are prominently located on the main Hagley Road (A 456) within an established parade of shops close to the junction with Fountain Road.
The property is virtually opposite Tesco Express Convenience store and adjacent to Cottons Estate Agents approximately 1.5 miles from Five Ways Island

DESCRIPTION
The property comprises a double fronted three storey building plus basement with forecourt parking for 5 cars together with rear access/loading.
There is potential to create residential accommodation on the first and second floors subject to the requirement planning consents and building regulation approval.

ACCOMMODATION
Approximate internal dimensions and areas are detailed below and have been taken from the Government Rating Website:

GROUND FLOOR
INTERNAL WIDTH (FRONT) 34'3" 10.4 m
TOTAL DEPTH 52'0" 15.8 m
GROUND FLOOR AREA 1807 sq ft 167.9 sq m

FIRST FLOOR AREA 1282 sq ft 119.1 sq m
SECOND FLOOR AREA 1096 sq ft 101.8 sq m
BASEMENT AREA 1104 sq ft 102.6 sq m

LEASE
The Ground and Basement accommodation is available on the basis of a new fully repairing and insuring lease for a term of years to be agreed upon at a rental of £40,000 pa exclusive of rates.

FREEHOLD
The Freehold of the entire building is available and offers in excess of £730,000 are required.

RATING ASSESSMENT
We are advised that the rating assessment is as follows:
Rateable Value: £31,500. Please contact the Local Authority for further information.

ENERGY PERFORMANCE CERTIFICATE
A copy of the certificate will be available shortly.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in this transaction.

VAT
We understand that VAT is not payable on the rental/price, however, interested parties are advised to make their own enquiries.