House For Sale £25,000
- Ground Floor Retail Shop Premises
- Generiously Sized Trading Area
- Electric Roller Shutters to Frontage
- C.C.T.V. Installed throughout Retail Shop
- Well Established Business
- Staff Facilities towards Rear
- Large Storage Areas to Rear
- Parking to Frontage
- Much Sought After Location
- Energy Performance Rating - D (77)
Full description
Tenure: Leasehold
Located in a prominent position on this well known 'High Street' which benefits from excellent local transport routes & parking nearby.
This is an absolute 'must see' potential business oportunity and ideally suitable for someone wishing to expand their retail empire!
Entrance:
From tarmacadam frontage, electrically operated roller shutter with CCTV camera above. Step up to single glazed shop window with single leaf door to right-hand side, leading into:-
Trading Area: 57'5'' (max) 35'5'' (min) x 14'3'' (max) 10'1'' (min)
Laminate flooring, suspended ceiling with various florescent light fittings and six CCTV cameras along length of shop. Large counter to front, walls mounted display shelving, open fronted 'cooler' display unit, three individual 'closed' fridges and wall mounted cigarette cabinet behind counter. Door to left-hand side leads into:-
Inner Lobby: 3'4'' x 3'4''
Laminate flooring, suspended ceiling with pendant light fitting, wall mounted fuse board and electricity meter; behind door, shelving and coat rail to wall. Door into:-
Staff Toilet: 6'4'' x 3'4''
Vinyl tiled floor, suspended ceiling with light fitting, low level flush toilet, wall mounted sink with water heater above, water meter under sink, shelving behind toilet, single glazed windows to side and rear with security bars across. From trading area, fire resistant door with coded lock leading into:-
Store Room: 20'3'' (max) 19'1'' (min) x 8'10''
Concrete flooring, two florescent light fittings to ceiling, kitchen base unit with single bowl sink, drainer and taps with water heater and shelving above. Industrial shelving attached to adjacent walls for storage of stock with metal ramp and double doors to rear fire exit. Doorway to right hand side leading into:-
Additional Storage Area: 19'5'' x 5'2''
Concrete flooring, two florescent light fittings to ceiling and Industrial shelving attached to walls for additional storage of stock.
Tenure:
We are advised that the property is Leasehold, confirmation of which should be obtained by reference to the title deeds and we believe that there is approximately 5 years remaining on an initial 15 year lease.
Rateable Value:
This Hagley Road West ground floor 'shop & premises' has a 'Rateable Value' of £7,200 per annum (information correct as per Valuation Office Agency website) and falls under the jurisdiction of Sandwell Metropolitan Borough Council for business rates (please see their website for further details at www.sandwell.gov.uk)
Tenure:
The property will be available an assigned lease subject to the minimum remaining term at £9,875 per annum exclusive (subject to 5 yearly rent review).
Premium:
Our client is looking at a payment of £50,000 for fixtures, fittings, all stock and goodwill for a business that has been trading successfully for approximately 10 years.
Services:
Mains electricity and water are connected currently; none of these services have been tested during our inspection.
