Restaurant for sale

5 Hockley Hill, Hockley, Birmingham, B18 5AA

1,249 sq. ft. | £325,000

Property Description

Commercial information

  • 1,249 sq ft (116 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • FREEHOLD INTEREST
  • MAIN ROAD FRONTAGE
  • GROUND FLOOR RETAIL UNIT
  • INCOME PRODUCING

Full description

Tenure: Freehold

Location
The building is situated on a prominent location A41 Great Hampton Street in Hockley Hill. The prominent Jewellery Quarter is located short walking distance and benefits from various retailers. Junction 1 of the M5 is located within 3 miles of the subject property. The A38(M) is located approximately 1 mile away connecting to the M6 and wider national motorway network. Birmingham City Centre is approximately 1.2 miles from the property.

Description
The premises comprise of a brick built three storey building. The ground floor retail unit benefits from a fully glazed shop frontage. The accommodation provides a main sales area on the ground floor with a storeroom at the rear and a basement. The upper floors are self-contained

Energy Performance Certificates
Details available upon request.

Planning
We have been verbally informed that the ground floor premises benefits from A3. A change of use may be possible, subject to planning.

Interested parties are advised to make their own enquiries to the planning department at Birmingham City Council on 0121 303 1115.

Services
We are advised all main services are connected to include mains gas, water and three phase electricity.

Lease
The property is currently let on a 6 year lease with effect from December 2015 at a passing rent of 14,500 per annum exclusive. The upper floor apartments are currently rented at a passing rent of 7,200 per annum for the first floor and 6,000 per annum exclusive for the second floor. The total annual income is 27,700 pax.

Tenure/Price
The freehold interest is available to purchase at a quoting price of 325,000.

Business Rates
The property is currently listed within the 2010 rating listing as having a rateable value of 7,400. Rates payable will be in the region of 3,648.20 per annum.

Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.

VAT
This property is not elected for VAT.

Legal Costs
Each party to be responsible for their own legal costs incurred during this transaction.

Viewing
Strictly by prior appointment with sole agents,
Mason Young Property Consultants.

More information from this agent

Nearest stations

  • Jewellery Quarter (0.1 mi)
  • St. Paul's (0.4 mi)
  • Birmingham Snow Hill (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Mason Young Property Consultants, Birmingham

6 Warstone Mews, Warstone Lane, Hockley, Birmingham, B18 6JB

0121 396 0850 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Jewellery Quarter (0.1 mi)
  • St. Paul's (0.4 mi)
  • Birmingham Snow Hill (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Mason Young Property Consultants, Birmingham

6 Warstone Mews, Warstone Lane, Hockley, Birmingham, B18 6JB

0121 396 0850 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference MYRET031. 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 Mason Young Property Consultants, 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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