Leisure facility for sale
Property description & features
- Tenure: Freehold
The property comprises of a licensed restaurant premises which occupies the entirety of the ground floor accommodation. It is currently let to a restaurant occupier who has been in occupation since 2013.
The space comprises of entrance vestibule, bar, and reception area with restaurant accommodation for approximately 80 covers, male and female WC and commercial kitchen facilities.
Location
The property is situated on Lordswood Road, within the affluent Edgbaston constituency and lies approximately 3 miles South West of Birmingham City Centre.
Harborne is considered one of Birmingham’s wealthier suburbs with an abundance of bars, eateries, and boutique retail outlets.
Terms
We are inviting offers in the region of £300,000 for the virtual-freehold interest with the benefit of the occupational tenancy.
All prices quoted are exclusive of VAT, which may be payable.
Accommodation
Net Internal Area - 2,389 ft2 (222.70 M2) Approximately
Terms
We are inviting offers in the region of £300,000 for the virtual-freehold interest with the benefit of the occupational tenancy.
Tenancy Details
The ground floor demise is let in its entirety to Mr Salam on a lease which commenced on 1st April 2015. The lease expires on 31st March 2040 at a current passing rental of £30,000 per annum.
Tenure
The property is held virtual freehold for a term of 999 years from 25th January 2000.
We understand that the current ground rent is £50 per annum
Service Charge
Approx. £1,000 PA. To be confirmed.
VAT
All prices quoted are exclusive of VAT, which may be payable.
Legal Costs
Both parties to bear their own legal and surveyor’s fees incurred during the transaction.
Services
We understand that the premises has the benefit of all mains services connected on, or adjacent to, the subject premises.
The agent has not tested the suitability of the connections and recommends that all interested parties carry out their own investigations.
Anti-Money Laundering
The successful applicant will be required to provided two forms of ID documentation and proof of funding to satisfy anti-money laundering protocols.
Viewing
Strictly via the sole agent Siddall Jones.
Property information from this agent
Places of interest
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Property reference 205398-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Siddall Jones - Birmingham.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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