Stratford Road, Springfield, Birmingham

Description
Retail Premises – 478 Stratford Road
A well-positioned retail unit situated on Stratford Road, offering an excellent opportunity for a new or established business looking to secure prominent commercial premises.

The property measures approximately 17.62m x 4.61m, providing approximately 81.23 sq m (874 sq ft) of retail space.
The property benefits from a full glazed shop frontage and glazed entrance door, providing excellent visibility and natural light. The premises are also fitted with electric security shutters and internal lighting.

The retail space provides a versatile layout suitable for a variety of retail and commercial businesses, subject to the relevant planning and consent requirements.

Located on Stratford Road, the property benefits from its established commercial setting and prominent position, with a range of shops, businesses and amenities in the surrounding area.

The premises are available on a 10-year lease, subject to agreed terms, with a £100,000 lease premium.
Rent: £2,300 per calendar month, subject to rent reviews every 3 years.
Early enquiries are recommended.

Services
The property benefits from:
• Mains electricity
• Mains water
• Electric security shutters
• Internal lighting
• Glazed shop frontage
• Glazed entrance door

Rent
£2,300 per calendar month
Subject to rent reviews every 3 years.
Excluding business rates, utilities and other occupier costs, unless otherwise stated.

Deposit: Equal to 3 months rent
Rent in advance: Equal to 3 months rent
Building Insurance: 25% Building Insurance premium payable.
Legal Costs: Incoming tenant to pay legal costs for both sides.
Viewing By Appointment Only

Terms
10-year lease

Lease premium: £100,000

Business rates are payable by the tenant.

The current Rateable Value and estimated business rates liability should be confirmed with Birmingham City Council before being included in the advert.