Retail Property (high street) for sale8 Coleshill Road, Fazeley, Tamworth, B78
- Great retail opportunity
- Off licence and convenience store licences already held
- 5 bed flat over 1st and 2nd floor
- 3 garages and parking to rear
Off licence and convenience store with 5 bed flat above and 3 garages and parking to rear.
Fazeley is a small village located to the South of Tamworth with good access onto the A5 and a short distance from Junction 10 of the M42.
The property is easily accessible with a number of local facilities within walking distance. There is parking on the main street for customers and additional car parking spaces are available with the property to the rear.
The property is a mid terrace with a flying freehold, traditional brick under tile building with retail to ground floor and 5 bed flat to 1st and 2nd floors.
Retail: Benefits from an aluminium powder coated double glazed shop frontage with a central door and display windows either side. There are integrated security shutters to the window.
Internally the property has been recently refurbished to give a ground floor open plan sales area with tiled floor, suspended ceilings and inset florescent lighting. Separate WC to rear.
The property benefits from both CCTV and a full monitored alarm that can be purchased subject to negotiation. The property also benefits from off licence and convenience store licences.
Open Sales Area 720 sq ft
Width at Shop Front 5.31m (17.4 ft)
Overall Depth 17.4m (57 ft)
There is a 5 bed flat above the shop that could be available to rent along with the shop, at a rent of £700 per calendar month.
The flat is over two floors and consists of large kitchen / living room, 2 bathrooms, and 5 bedrooms. There is a separate access to the side of the property and parking to the rear.
Externally to the rear:
There is a large ample garden to the rear of the property mostly lawned, with a paved area to the rear that can park up to 4 vehicles and 3 terraced garage units.
£16,500 per annum for the ground floor shop
£700 pcm for the flat
The property falls within the Lichfield District Council.
Further enquiries can be made to the Planning Department on 01543 308 000.
Available on a Lease at a term to be agreed.
We are advised that mains electricity, water and sewage are connected to the property and confirm that the tenant will be responsible for the payment of all services from the date of access. Mains gas is connected to the flat above but not to the shop unit.
We would advise interested parties to undertake their own enquiries as to the adequacy and availability of these services, which have not been tested or verified by Howkins & Harrison LLP.
The current rateable value for the shop and premises is £10,250 and this is not due to change at the 2017 review. The current occupier pays in the region of £3,500 per annum but this would be dependent on your business size and eligibility.
The tenant will be responsible for the payment of business rates.
Maintenance and Insurance
The tenant will be responsible for the repairing and maintenance of all internal areas. The Landlord will be responsible for insuring the whole of the property and repairing and maintenance of all external areas, although a proportion of this will be re-charged to the tenant.
The tenant is responsible for the payment of all utilities from the date of occupation.
The ingoing tenant to be responsible for the Landlord's reasonable legal costs incurred in the transaction.
To be agreed
The property has an EPC of C (73).
Opportunity to purchase freehold
There is the opportunity to purchase the Freehold of this property which includes a residential flat over two floors above the shop. Any interested parties should contact Howkins & Harrison to discuss this further.
Strictly by appointment with Howkins & Harrison LLP. Please contact the Atherstone office on 01827 721380.
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