Light Industrial to rent

Wright Street, Birmingham, B10

Fixed Price 5,700 sq. ft. | £6,375 pa| £531 pcm

Property Description

Commercial information

  • 5,700 sq ft (529 sq m)

Letting information:

Furnishing: Unfurnished
Letting type: Commercial

Full description

Tenure: Leasehold

RH properties are delighted to 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 represents

Location
The 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)

Tenure
Head Lease was issued in February 2014 for 25 Years.
Sublease issued September 2015 for 10 Years. ( Full Repairing and Insuring Lease)

Rent
Head lease - 6,375.00 per annum
Fixed Rent Review in February 2020 to 9,000 per annum

Sublease - 16,500.00 per annum
Open market rent review 2019

Current head leaseholder is receiving a profit of 10,125.00 per annum

Lease Premuim

100,000 o.n.o

Usage
The 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 Properties
510 Stratford Road
Sparkhill
Birmingham
B11 4AH
Tel: 0121 772 8488

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.

Nearest stations

  • Small Heath (0.5 mi)
  • Adderley Park (0.9 mi)
  • Bordesley (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

R.H. Properties, Birmingham

510 Stratford Road, Sparkhill, Birmingham, B11 4AH

0121 396 0643 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

  • Small Heath (0.5 mi)
  • Adderley Park (0.9 mi)
  • Bordesley (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

R.H. Properties, Birmingham

510 Stratford Road, Sparkhill, Birmingham, B11 4AH

0121 396 0643 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.

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Property reference 121WRI95. 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 R.H. Properties, Birmingham.

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