15 Bird Street, Lichfield, Staffordshire, WS13 6PW

Location

The property is located at the junction of Bird Street and Sandford Street on the leisure and hospitality circuit in Lichfield city centre where there is a strong mix of local independent and national restaurants and bars. Lichfield is approximately 15 miles north of Birmingham and benefits from good public transport links.

Description

The substantial corner position 2 storey Grade II Listed building comprises a long established Thai restaurant on the ground floor, with a commercial kitchen, customer toilets and store. The tenant has converted first floor storage into staff accommodation offering bedrooms, bathroom facilities and some ancillary storage has been retained.

Investment

Let to a private individual for 15 years from 24th June 2023 at £50,000 per annum exclusive with rent reviews every 5 years to Market Rent. There are tenant only break clauses every 5 years. The tenant is responsible for all repairs and decorations and for reimbursing the insurance premium.

Rates Comments

The current rateable value (1 April 2023) is £43,250. Prospective occupiers are recommended to make their own enquiries with the local authority for verification

VAT

All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT if applicable, which will not be payable on the purchase.

Legal Costs

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