25-29 Alcester Road South, Kings Heath

LOCATION
The premises are situated within the heart of the popular Birmingham suburb of Kings Heath. The property is close to the junction with Drayton Road and occupiers including Sainsburys, Coffee#1, Halifax, Boots Opticians, Lloyds Bank etc.

ACCOMMODATION
The Landlords are proposing to sub-divide this large ground floor property to create two retail units, subject to receipt of planning consent.

The premises will have shared rear access facilities approached via Drayton Road.

Approximate proposed internal dimensions and areas are detailed below:

GROUND FLOOR
Unit 1
INTERNAL WIDTH 30' 7" 9.3 m
GROSS FLOOR AREA 3700 sq ft 344 sq m

Unit 2
INTERNAL WIDTH (average) 16' 0" 4.9 m
GROSS FLOOR AREA 1895 sq ft 176 sq m

LEASE
The premises is available by way of a new fully repairing and insuring lease for a term of years to be agreed upon in multiples of 5 years.

RENTAL
Unit 1 £40,000 pa (exclusive of rates).

Unit 2 £25,000 pa (exclusive of rates)

RATING ASSESSMENT
The premises will need to be re-assessed for rating purposes

ENERGY PERFORMANCE CERTIFICATE
The property has a rating of 48 (Band B). A copy of the certificate is available upon request.

LEGAL COSTS & VAT
Each party is to be responsible for their own legal costs incurred in this transaction. We understand that VAT is not payable on the rental however, interested parties are advised to make their own enquiries.