Where is the Shop unit located?
Northfield is situated approximately 6.5 miles southwest of Birmingham City Centre. The shop to let fronts Bristol Road South and is within the popular local centre of Northfield.
Nearby occupiers include, Starbucks, Northfield Post Office, Natwest and McDonalds. Northfield shopping centre is just 0.2 miles to the north.
To the rear of the shop is the A38 which is directly accessed from Bristol Road South.
Mid terrace retail unit with rear car park and loading. Shop with suspended ceiling and Air Con, to open plan with kitchen, customer and staff WCs. Ready for occupier fit out.
How has the accommodation been measured?
The accommodation has been measured on a Net Internal Area (NIA) with the measurements taken from the VOA record for Business Rates.
The premises occupies a high street location and is imminently suitable for a broad range of uses STP. The most recent amendment to the Town and Country Planning (Use Classes) (Amendment) (England) Order 2015, has now classed betting shops as Class E.
All mains services with the exception of gas are connected to the property.
What is the Ratable Value?
The property is currently listed as a betting shop and premises on VOA.gov.uk. Under the latest Government relief, qualifying retail and hospitality businesses impacted by Covid-19 will receive a rates relief discount of 66% to 31/3/22 and 50% to 31/2/23. This information is for guidance only and all parties should satisfy themselves with the local billing authority.
How is the accommodation offered?
High street shop to let by way of a new FRI sublease to expire in May 2024. Interested parties are invited to discuss their specific leasing requirements. Subject to individual covenant and terms an assignment, tenancy at will or surrender and re grant may be possible. Where superior Landlords consent is required, a 50% contribution to superior Landlord costs is requested.
Rent: £17,500 per annum. Please check the VAT status.
All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.
What are the viewing arrangements?
Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.