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Retail Unit with Residential Above, Coventry Road, Birmingham, B10 0UU

1,722 Sq Ft / Retail / Business for sale

For Sale - £134,950.00

Available - Last updated: 23 May 2023

LOCATION: The property is situated in Coventry Road, Birmingham, in West Midlands. The subject premises occupy a fantastic and highly visible trading position and situated in a densely populated residential area, the store benefits from a good passing trade from local residents.

DESCRIPTION: This property comprises of ground floor retail space and a 5 bedroom flat, G/F Shop, Suspended ceiling led lights, Canopy, Double display glass counter, Double fryer, Grill machine (Tandoor), Double drink fridge, Tiled floor walls, 3x double seating, booth & table x3, Under counter fridge, Kitchen, Under counter fridge, Double sink basin, assorted stainless steel tables, cold room/ canopy, w/c basin and good sized rear garden


PREMIUM: £134,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill

RENTAL: £21,000 per annum with flat & flat achieve £9,600 rent income

TERMS: The property is available by way of a 20 year lease

BUSINESS RATES: Nil. All interested parties are encouraged to make their own enquiries with local authority

SIZE: Approximately 1722 sq ft

OPENING HOURS: 7 days a week 12 noon to 11:00 p.m

STAFF: Family run

UPPER PARTS: 5-bedroom upper parts which are currently rented out & achieve £800 per calendar month

TURNOVER: Current turnover in excess of £416,000 per annum approximately. In our opinion offering further potential to increase in the right hands.

ACCOUNTS: Available on viewing

LEGAL COST: The in-going tenant will be responsible for the payment of the landlord’s legal costs, building insurance and agent administration fees

LOCAL AUTHORITY: Birmingham City Council

ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 118- E Rating. C copy of this property’s energy performance certificate is available on request.

REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord

HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

VIEWINGS: Through London Properties by appointment only

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Leasehold £134,950.00 NA

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