Property Description

A part let modern mixed retail/commercial development built in 2022 comprising three ground floor retail units, three first floor office/retail units to the first floor, and storage unit to the second floor. The property still benefits from the 10 year new build warranty and has a current total income of Current income £36,000 per annum with 2 out of the seven units let. There is also potential for additional alternative use to upper floor accommodation (subject to planning). The property is situated on the corner of Alum Rock Road and Thornton Road, in a prominent location on Pelham Shopping Centre in a densely populated residential location. There is a large forecourt area and shared rear service access via Thornton Road. Location: The property is situated on the corner of Alum Rock Road and Thornton Road, in a prominent location on Pelham Shopping Centre in a densely populated residential location, conveniently situated; -Circa. 0.5 miles from Alum Rock and Fox and Goose District Shopping Centre. -Circa. 0.5 miles from upcoming Washward Heath HS2 Depo. -Circa 0.9 miles from Birmingham Heartlands Hospital. -Circa. 2.8 miles from Aston and Birmingham City University. -Circa. 2.9 miles from upcoming Curzon Street HS2 Station into Birmingham City Centre. -Circa. 3.4 miles from Birmingham City Centre -Circa. 5.9 miles from Birmingham Airport. The building is largely block cavity wall constructed with some steel frame/beams, with all external walls rendered finish. Accommodation: 852 Alum Rock Road - Vacant retail opportunity. With retail area, rear staff area/kitchen, W.C. Total Net Internal Area - 66.9 sq. metres (720 sq. ft). 854 Alum Rock Road - Let - Retail restaurant (Franchise - You Want Beef) With retail area, W.C, kitchen and office. Total Net Internal Area - 124.03 sq. metres (1,335 sq. ft). 61 Thornton Road - Let - Retail - Plate Factory. Retail Area. Total Net Internal Area - 32.82 sq. metres (353 sq. ft). 63 Thornton Road (First Floor) - Vacant commercial. Accessed via secure entry door with stairs leading to first floor corridor with doors leading into; Unit 1, 63 Thornton Road Main unit area, W.C. Total Net Internal Area - 70.15 sq. metres (755 sq. ft). Unit 2, 63 Thornton Road Customer Reception, W.C., office Total Net Internal Area - 54.97sq. metres (592 sq. ft). Unit 3, 63 Thornton Road Office area, W.C. Total Net Internal Area - 34.36 sq. metres (370 sq. ft). Unit 4, 63 Thornton Road (Second Floor) With first floor hallway, stairs leading to second floor corridor, room one (16.09 sq. metres), kitchenette with W.C., room two (39.97sq. metres) with storeroom off (2.63 sq. metres) (client has advised that waste plumbing is in place which would accommodate W.C). Total Net Internal Area - 58.69 sq. metres Tenancy Agreements 854 Alum Rock Road is let on a 7 year full repair and insuring lease on 22nd March 2022. The tenant is currently paying £27,000 per annum. 61 Thornton Road is let on a 5 year full repair and insuring lease on 11th April 2025 for £9,000 per annum. Current income = £36,000 per annum. The rest of the development is offered with vacant possession on completion. Qualifying letting applicants may be able to claim Small Business Rates Relief. Landlords could direct tenants to make enquiries with the Charging Authority, Birmingham City Council. Services 852 Alum Rock Road - Own 3 Phase Electricity supply, water, drainage. 854 Alum Rock Road - Own 3 Phase Electricity supply, water, drainage and air conditioning. Units @ 63 Thornton Road - 3 Phase Electric on sub-metering supply, shared water supply, drainage. All units are sub metered off landlords supply. 61 Thornton Road on sub metering supply and own water supply. There is a private landlord meter room accessed via secure entry door from Thornton Road. There are 4 main water supply lines to the building. There is a single gas line utilised by 63 Thornton Road in part. Full interlinked fire alarm panel and system of smoke detectors, emergency lighting are installed on site.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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