Commercial Property
The property occupies a prominent position to the eastern side of Ladypool Road, just off the A4167 Highgate Road.
The property is situated within a densely developed, well established neighbourhood with a good mix of residential, commercial and industrial users within the general vicinity. Ladypool Road itself comprises a large number of restaurant and takeaway outlets and is popular with visitors from the Midlands and beyond.
The property is considered to occupy an excellent catchment area for its existing use.
The property comprises a well presented two storey mid terrace building, which has been long established for its existing use.
The property is divided to comprise a modern hot food takeaway on the ground floor, with approximately 20 covers, trade counter, kitchen and customer WC. On the first floor there is a preparation area, further kitchen with cold store. The property extends to approximately 1,434 sq.ft. (133.23 sq.m.).
Commercial Investment
A Well Presented Freehold Hot Food Takeaway & Restaurant Investment in a popular location
Current Gross Income: £16,000 pa.
We understand that the property is Freehold, subject to an FRI Lease for a term of 5 years, with effect from 1st March 2014, at an initial rental of £16,000 per annum. There is provision for the rent to be reviewed every two years.
Full details and a copy of the Lease will be available for inspection within the legal pack.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
