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Freehold Deritend Investment With Development Potential For Sale

Birmingham, West Midlands, UK
Asking Price:
£1,500,000
Turnover:
Undisclosed
Net Profit:
Undisclosed

A freehold commercial investment in Deritend is offered at £1,500,000, subject to contract, with approximately 9,449 sq ft and a ground-floor tenancy producing £43,200 per annum exclusive.

The former public house combines a fitted restaurant and shisha lounge at ground level with upper-floor accommodation and basement storage. Potential exists to extend the first floor, subject to the necessary consents.

Contact the agent to discuss your requirements, request further particulars or arrange a viewing.

Property Information

Property:

Freehold

Lease Terms:

The ground floor is let on a six-year term expiring on 1 November 2030 at £43,200 per annum exclusive. The property is not elected for VAT.

Location:

The property is in Deritend, approximately one mile south-east of Birmingham City Centre. Birmingham Moor Street Railway Station is approximately 0.7 miles away. Nearby A41 connections lead towards the city, and M6 Junction 6 is approximately three miles away.

Premises Details:

The two-storey, brick-built former public house has a pitched tiled roof and an enclosed former rear yard. Accommodation comprises 7,200 sq ft on the ground floor, 1,194 sq ft on the first floor and 1,055 sq ft in the basement. Ground-floor features include tiled flooring, tiled and timber wall finishes, inset lighting, radiant heating, CCTV, an alarm and a kitchen with extraction canopy. The first floor has timber flooring and plastered and painted walls. Mains gas, water and electricity are connected; services have not been tested.

Size in square feet:
9,449 sq ft

Business Operation

Expansion Potential:

There is potential to extend the first floor, subject to obtaining the necessary consents.

Contact Broker