The property is located approximately 7 miles north of Birmingham City Centre and 1.5 miles south west of Sutton Coldfield Town Centre, on the eastern side of Boldmere Road (B4142), close to its junction with Jockey Road (A453).
The premises are situated within the principal retail area of Boldmere village, where adjacent or nearby occupiers include WH Smith, Green & Company Estate Agents, Timpsons Shoe Repairs, Sainsburys Local and William Hill.
The premises comprise a larger-style double retail unit, offering generous sales or showroom space on the ground and first floors, with ancillary storage and staff accommodation on the second floor.
The property comprises a pair of three-storey, end of terrace buildings of concrete frame and brickwork construction with flat roofs.
The premises were last used for the retail sale and hire of Bridalwear and dress hire and would suit continued retail use, with an emphasis on bulky goods.
- Ground Floor
Sales Area: 101.5 sq m (1,093 sq ft)
Store: 3.4 sq m ( 37 sq ft)
Fitting Room: 11.9 sq m ( 128 sq ft)
Office: 12.0 sq m ( 142 sq ft)
- First Floor
Sales/Showroom: 116.9 sq m (1,258 sq ft)
- Second Floor
Ancillary Storage, Office and Workroom: 60.4 sq m (650 sq ft)
- TOTAL NET INTERNAL AREA: 306.4 sq m (3,295 sq ft)
Mains water, drainage and electricity are connected to the premises.
None of the services were tested during the course of our inspection.
Rateable Value (Draft 2017 Rating List): £25,000
It is believed the premises have planning permission for A1 shop use and are therefore suitable for continued retail use.
The premises may be suitable for leisure, commercial or other classes of retail use, subject to the grant of statutory consents.
- LEASE PROPOSAL
The premises are offered to let by way of a new lease on effective tenants full repairing and insuring terms, of 10 years duration with an upwards-only rent review after 5 years.
Other lease lengths may be available by way of negotiation.
£26,500 per annum, exclusive, payable quarterly in advance.
The AT exemption in respect of the property has not been waived. It is, therefore, thought the rent and other sums payable under the lease shall not attract VAT.
- LEGAL COSTS
Each party shall bear their own legal costs incurred in progressing and completing a new lease.
Viewing through Sole Agents - Cottons - 0121 247 2233
Contact: John Askam
Contact: Stephen D Sutton FRICS