Sutton New Road, Birmingham

LOCATION
The property comprises a large retail unit which is currently
separated into a number of market stalls. The partitions can be removed to create an open place space.
Deliveries and servicing is via the rear service corridor accessed off New Street. The premises front directly onto Sutton New Road.

ACCOMMODATION
The premises comprise of the following approximate floor areas:
Ground Floor Area: 6,948 sq ft 647 m²

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

RENTAL
£45,000 pa (exclusive of rates, service charge and VAT).

RATING ASSESSMENT
There are at present multiple business rate assessments for the smaller market stalls so the unit will need to be reassessed if occupied by a single occupant.

ENERGY PERFORMANCE CERTIFICATE
The property has a rating of 87 (Band D). A copy of the certificate is available upon request.

INSURANCE
The building insurance contribution is approximately £5,000 p.a + VAT

SERVICE CHARGE
The service charge is currently running at £1,250 + VAT per
quarter on account subject to annual reconciliation.

LEGAL COSTS
Each party are to be responsible for their own legal costs incurred in this transaction.

VAT
We understand that VAT is payable on the rental however, interested parties are advised to make their own enquiries.