The property comprises a ground floor commercial premises providing an open plan unit which has recently been converted into a private Personal Training Studio.
The unit benefits from a large glazed shopfront with pedestrian access onto Carver Street.
To the right of the main area is a kitchen, storage and WC.
The unit has been extensively fitted out to a high standard and includes: wood laminate flooring, LED lighting, air conditioning/ heating and numerous power and data sockets.
The property is situated on Carver Street, off Warstone Lane and within the newly constructed St Georges Urban Village.
Carver Street is situated off Icknield Street (A4540); part of Birmingham’s inner ring road and provides a convenient route to the City Centre located approximately 1 mile distant.
The location is within walking distance from the Jewellery Quarter and St Pauls Square as well as being located just over half a mile from Brindley Place and the NIA.
The immediate area is well served by public transport with the Jewellery Quarter Metro/Train Station located within close proximity and regular bus routes close to the property.
Offers in excess of £140,000 are sought, subject to contract.
The property is let to Mr Jordan Kirkbride on a three-year lease from 1st September 2020 at a headline rental of £10,500 per annum exclusive of VAT.
The property is held long leasehold for a term of 125 years from 1st January 2016 at a ground rent of £250 per annum (which is currently paid for by the tenant as part of the lease agreement).
The tenant is responsible for the payment of the service charge.
We understand VAT is payable.
However, it is understood the sale would be treated as a TOGC.