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Unit 12a, Broadway Plaza, FiveWays, 220 Ladywood Middleway, Birmingham, West Midlands, B16 8LP

£2,208 pcm
£26,500 pa

£17.37 per sq ft

Business rates & charges may apply

Creative Retail, Birmingham
SIZE AVAILABLE

1,526 sq ft

142 sq m

SECTOR

High street retail property to lease

Lease details

Lease available date:
Ask agent

Key features

  • Fitted City Centre Unit with Hot Food Consent
  • Available Immediately
  • No Premium

Description

Location

Located in the heart of Birmingham only a stone's throw away from places such as Broad Street and Brindleyplace, kids and grownups have a lot to choose from at Broadway Plaza. Other tenants include Costa Coffee, Dominos Pizza, Odeon LUXE, Hollywood Bowl, Mr Mulligans Golf, Subway, Dixy Chicken and i'KRAVE.

Description

The property is a modern lock-up retail unit, situated in the busy Broadway Plaza leisure scheme at Five Ways, Birmingham. Benefiting from glazed frontage with roadside prominence, dedicated rear catering kitchen (with extraction) and staff toilets. The property is fitted as a modern café/delicatessen store with ceiling mounted spots, recessed wall down lighting and solid wood flooring.

Tenure Comments

The unit is available by way of assignment of the existing lease which expires July 2029. The passing rent is £26,500 per annum, exclusive.

EPC

The premises has an EPC rating of D(86).

Service Charge Information

The unit forms part of a serviced leisure scheme, Broadway Plaza, and benefits from communal services such as Multi Storey Parking, 24/7 manned security, Estate lighting and cleaning. The current service Charge for the premises, payable quarterly, is approximately £6,500 per annum.

Insurance

There is an annual insurance charge levied by the landlord, charge TBC for 2024/25.

Planning

We understand that the premises falls within 'class E' of the planning use class order. Interested parties are advised to check with the local council that their intended use is suitable.

VAT

VAT is be payable at the prevailing rate on Rent, Service Charge and Insurance .

Legal Costs

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

Security

It is likely that the Landlord will require a security deposit and/or personal guarantee from the successful applicant.

Brochures

Unit 12a, Broadway Plaza, FiveWays, 220 Ladywood Middleway, Birmingham, West Midlands, B16 8LP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Five Ways Station0.4 miles
  • Birmingham New Street Station1.0 miles
  • Birmingham Snow Hill Station1.2 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

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Disclaimer - Property reference 253LH. 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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