Location

The property is located in the heart of the Newtown industrial area just a short distance from Birmingham City Centre. The area is a long established industrial location and home to many businesses. The area is well served by a good road network and is just a short distance from the main A34 and A41 both arterial routes out of the City Centre.

Description

The property comprises a main open plan workshop/warehouse with ancillary space to the right hand side. Access to the property is from the frontage only. Across the front of the property is a two storey structure which provides support space at ground level and offices at first floor level.

Accommodation

Ground floor                               3,676 sqft          341.54 sqm

First floor                                      535 sqft           49.74 sqm

Totals                                         4,211 sqft        391.28 sqm

Planning Policy

The area is designated as a “Core Employment Area”. The property has a long and established history as a commercial/industrial use. All specific planning enquiries should be directed to Birmingham City Council.

Services

The property has mains gas, water, electricity and drainage.

Tenure

Long leasehold. The property is held on a lease for a term of 99 years from 14^th Mayl 1971. The ground rent payable is currently £10,000 per annum having last been reviewed in 2021 and with the next review due in 2048.

EPC

The property has a valid EPC indicating a rating of C (58).

VAT

It is understood that the property is not registered for VAT.

Price

The Long Leasehold interest is offered at with a guide price of £115,000.

Vacant Possession

The property will be sold with Vacant Possession.

Legal Costs

Each party to bear their own legal and professional costs incurred in this transaction.

Viewing

By appointment only. Parties should be aware that block viewings might be conducted.