Retail premises to rent

Alcester Road South, Kings Heath, Birmingham B14

Midland Housing Ltd are very proud to present this excellent business opportunity located in the highly populated location of Alcester Road South, Kings Heath. This was previously used as a restaurant and takeaway. The shop will be given as it is. The ground floor shop is approx 1460 sq ft and has a great deal of amenities due to its prime location. It would be ideal opportunity as is located within the Kings Heath area and outside bus routes as well as many High Street brands and stores nearby too. To arrange a viewing contact a member of staff on !

Location:
The premises are situated within the popular Birmingham suburb of Kings Heath on Alcester Road South. The property is close to Sports Direct Gym, Sainsbury’s etc.

Accommodation:
The premises comprise a double fronted corner property having the benefit of rear loading and two car parking spaces.
Approximate internal dimensions are listed below:
Ground floor

Gross ground floor area 1460 sq ft 136 sq m

planning:
We have been informed the premises has consent for a restaurant but not a takeaway.

Lease:
The property is available upon a new lease for a term of years to be agreed upon in multiples of 5 years.

Rental:
£24,000 pa (exclusive of rates)
Upon completion of the first year, rent will be increased to £27,000pa.
Upon completion of the second year, rent will be increased to £30,000pa.

Goodwill:
£20000 - Open to negotiation

***EPC rating: B***

Please note: We request a holding fee to secure the property and remove it from the market; this is then deducted from the tenant’s total move-in costs If the tenant decides to not go ahead during the initial stage, the holding fee will only be refunded if we are notified within 7 days, otherwise it is kept covering administration, aml and referencing costs. We also require a month’s advance rent and a month’s rent as a deposit as well as a homeowner guarantor. A security deposit of a minimum of one month's rental will normally be required. This deposit will be treated in accordance with the Tenancy Deposit Protection regulations, and you will be informed of which protection scheme is utilised. The deposit is held to cover damage, breakages, and any other liabilities under the terms of your tenancy agreement. Please note that under no circumstances can the deposit be used by the tenant to cover rent. Rents are normally quoted calendar monthly, and payable monthly in advance. The tenant is usually also responsible for Council Tax, Water Rates, Gas, Electricity and Telephone costs. All rents are payable by bank standing order to our company bank account or your landlord's bank account.