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UNDER OFFER

115 Sutton New Road, Birmingham, West Midlands, B23 6RP

£3,750 pcm
£45,000 pa

£6.48 per sq ft

Business rates & charges may apply

Creative Retail, Birmingham
SIZE AVAILABLE

6,948 sq ft

645 sq m

SECTOR

High street retail property to lease

Lease details

Lease available date:
Ask agent
Lease type:
Long term

Description

Location

Erdington is a suburb of Birmingham, being located approximately 5 miles north east of Birmingham City Centre.
The premises front directly onto Sutton New Road.

Description

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 of New Street.


Tenure Comments

The accommodation is available by way of new fully repairing and insuring lease on terms to be agreed.

EPC

The Energy Performance Asset Rating of the premises currently falls within category D (84).

A copy of the Energy Performance Certificate can be made available upon request.


Service Charge Information

The service charge is currently running at £1,250 + VAT per quarter on account subject to annual reconciliation.
Further information available upon request.


Insurance

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


Legal Costs

Each party will be responsible for covering their own legal costs incurred in the transaction.

Brochures

115 Sutton New Road, Birmingham, West Midlands, B23 6RP

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Erdington Station0.2 miles
  • Chester Road Station0.7 miles
  • Gravelly Hill Station1.0 miles

About Creative Retail, Birmingham

51 Regent Parade, Birmingham, B1 3NS

Commercial Retail Property Consultants

Creative Retail are a Birmingham-based retail and leisure property practice.

We specialise in the Midlands Retail & Leisure property markets ? including High Streets, Shopping Centres, Leisure Schemes and Out of Town Retail Warehousing.

Passionate about Retail and Leisure; we provide a modern, professional, and dynamic service to our clients.

Commercial Property Agency

We pride ourselves on offering clients specific, accurate and targeted advice in a constantly evolving industry and market.

Our agency services include:

. Lettings

. Acquisitions & Disposals

. Development & Site Finding

. Investment strategy

. Asset Management

Commercial Property Development In what is becoming an increasingly competitive sector, Creative Retail are able to offer guidance on all stages of the retail development process from initial appraisals and site sourcing through to pre-let tenancy agreements and exit strategy.

We work closely with private sector developers and investors and our in-depth knowledge of retailer requirements combined with our considerable experience with property transactions means that we are able to offer our clients an unparalleled service and a 360º appreciation of the workings behind the development process.

Commercial Property Investments

Detailed and up-to-the-minute knowledge has never been more important when formulating investment strategies for Retail and Leisure Property. The pace of change in the sector is ever increasing and strategies that worked just months ago may need adapting to extract best value and maintain exposure to risk.

When advising our clients on their investments, we report on a broad range of factors beyond the fundamentals of covenant, lease terms and physicality of asset. These include:

. Occupiers changing requirements and business models

. Tenants trading strength

. Existing competition and proposed new occupiers and schemes in the locality

. Inward investment into specific areas from regional funding, private equity and government initiative.

We achieve this by leveraging the connections and relationships we have formed working exclusively in the retail and leisure sector.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 251LH. 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 Creative Retail, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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