Sheepcote Street, Birmingham

Ground floor self contained retail/office unit with very good frontage currently fitted out as a barbers shop measuring approx 55.83 sq m (601 sq ft). Available immediately.

Location - The property is located on Sheepcote Street within Birmingham's Convention Quarter. The property is a short walk from Brindley Place.

Description - The property provides an attractive ground floor retail/office premises offering 601 sq ft of accommodation. The unit benefits from hard wood flooring, separate kitchenette, excellent street frontage, WC and is DDA compliant. The unit has planning consent for both A1 and A2 usage.

Accommodation - 55.83 sq m (601 sq ft)

Terms - The property is available on a internal repairing lease for a ten year term from September 2020. Break clause in 2023 and 2025 at £15,300pa. A premium is sought for the current barber shop fit out at £35,000.

Legal Costs - Each party is to be responsible for their own legal costs.

Vat - This property has not been elected for VAT

Business Rates - We understand that the current Rateable Value for the accommodation is £11,500 per annum. The Rate Payable is circa 0.49p in the £.

Service Charge - Annual Service Charge of circa £1200 to cover Building Insurance and block maintenance.

Viewing - Strictly by appointment with Maguire Jackson

Epc - Available upon request

Money Laundering - The money laundering regulations require identification checks to be undertaken by all parties purchasing or letting properties. We will therefore be requesting proof of identification for all the parties involved in the transaction.

Read less