Retail premises for sale

Bromsgrove Street, Birmingham B5

Leasehold Retail Unit Located In The Arcadian Centre, Birmingham
Prime Retail Space Suitable For Many Uses
Retail Area 1400 sq ft
Basement 807 sq ft
Ref 3252

Asking Price £130,000

Location
Prime leasehold retail unit situated within The Arcadian Centre, Birmingham's vibrant Chinatown and Southside district. The property benefits from a prominent trading position within a well-established leisure and entertainment destination and would suit a wide variety of retail and café-style operators.

Business Description
Veritas Business Sales are delighted to offer the lease for sale of this prime retail space which is located In The Arcadian Centre, Birmingham. Our client purchased the lease in 2022 and is now offering the space in order to concentrate on other business interests.
They purchased the unit as an empty shell and since acquiring the lease, have undertaken a comprehensive fit-out including new drainage, electrics, utilities, fire systems, water supply, air conditioning and CCTV. All fixtures and fittings are fully owned and included within the sale price. The premises would suit a variety of retail uses as well as light food operators such as a coffee shop or sandwich bar. Please note there is currently no gas supply to the premises, therefore a full restaurant operation may not be suitable.
We believe that the space would suit large retailers or niche independents due to its prominent location. With that in mind early viewing is highly recommended.

Leasehold
Term: 10 years
Remaining: 6 years
Rent: £27,000 plus VAT pa
Reviewed: 5 yearly
Service charge: £12,000 plus VAT pa
Business rates: Zero

Ground Floor
Retail area (1,400 sq ft) with 2 x partitioned rooms, office area & staff room, door with metal stairs leading down to the basement, rear exit door leading to the car park.

Basement
(807 sq ft)
Large storeroom with water tank, sewage tank.
Staff toilet with W/C, wash basin and mop sink.
Staff kitchen with stainless steel sink drainer and base storage cupboards.