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Warehouse to rent

Lower Tower Street, Birmingham, B19

£42,500 pa (£3,542 pcm)
11,555 sq. ft.

Property Description

Commercial information

  • 11,555 sq ft (1,073 sq m)
  • Use class orders: B2 General Industrial and B8 Storage and Distribution

Key features

  • concrete flooring, fluorescent strip lighting,
  • gas air blowers
  • roller shutter access
  • toilets

Full description

Tenure: Leasehold

Location

The property is situated on Lower Tower Street in the Hockley area of Birmingham within close proximity to Birmingham City Centre and the historic Jewellery Quarter.

Access to the property is via either Summer Lane or Newtown Row both allowing access to Birmingham City Centre via the inner ring road.

The location also allows for convenient access to the national motorway network via the A38 (M) at Dartmouth Circus situated approximately mile to the east and linking directly with J6 of the M6 at Spaghetti Junction.

Description

The property comprises a substantial warehouse premises of steel portal frame construction, surmounted by a pitched insulated roof with translucent roof lights. The warehouse benefits from concrete flooring, fluorescent strip lighting, gas air blowers, roller shutter access, toilets and a minimum eaves height of 11ft rising to 15ft approximately.

To the front of the property is a two storey building providing reception and workshop space at ground floor level with a number of cellular offices at first floor level, toilets and kitchenette facilities.

A front roller shutter leads to a side driveway with access to a rear yard. The rear yard also has a number of outbuildings and storage areas.

Accommodation

Total (GIA) 11,555 Ft2 (1,073.48 M2) approximately

Rental / Purchase

The property is available to let on a new lease with length to be agreed at 45,000 per annum exclusive.
Alternatively the property is available to purchase at 345,000.

Tenure

We understand that the property is held long leasehold for a term of 99 years from 1972 at a ground rental of 11,650 per annum exclusive.
We have been verbally advised by Birmingham City Council that they will extend the lease and we advise all interested parties to make their own enquiries with Birmingham Property Services.

Rateable Value

RV –26,500
Rates Payable - 13,170.50 per annum

Services

All mains services are available on or adjacent to the subject premises.

Planning

We understand that the property has planning consent under use class B2 and B8.

Legal Costs

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

Availability

The property is immediately available following the completion of legal formalities.

Viewings

Strictly via the sole agent Siddall Jones.


More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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