Offers in region of
£925,000
(£65.07/sq. ft)
Property for sale5-11 Tower Street, Birmingham B19
14,216 sq. ft
Freehold
About this property
Well located for Birmingham inner ring road
Close to Midlands motorway complex via Spaghetti Juction
Multi-tenanted property
Description
A range of buildings having two road frontages fronting Tower Street and Hospital Street. The buildings are part two storey and part single storey.
There is a large open yard off the Hospital Street frontage. The buildings stand back from the Tower Street frontage behind forecourt parking.
Location
The premises are located on the northern side of Tower Street close to the junction with Hospital Street in the Newtown district of Birmingham approximately half a mile north of Birmingham City Centre. Tower Street runs due west off Summer Lane and is within an established industrial locality.
Tenure
Freehold subject to 3 Occupational Leases
Rating Asssessment
The rateable value is £30,500.00.
Services
We understand that all mains services are connected.
Tenancy Details
The ground and first floors totalling 9,676 sq ft are let to Quantum Precision Engineering Ltd at a rental of £36,000.00 per annum.
The ground floor workshop of 2,484 sq ft is let to Maywick at a rental of £24,000.00 per annum.
Rear ground floor workshop of 2,056 sq ft is let to Apex Business Supply Ltd at a rental of £20,000 per annum.
The net rental received is £80,000.00 per annum.
New leases of 5 year terms on the equivalent of a Fri basis.
Legal Costs
Each party to be responsible for their own legal costs incurred.
Viewing
Strictly by appointment with the Agents, Shepherd Commercial.
A range of buildings having two road frontages fronting Tower Street and Hospital Street. The buildings are part two storey and part single storey.
There is a large open yard off the Hospital Street frontage. The buildings stand back from the Tower Street frontage behind forecourt parking.
Location
The premises are located on the northern side of Tower Street close to the junction with Hospital Street in the Newtown district of Birmingham approximately half a mile north of Birmingham City Centre. Tower Street runs due west off Summer Lane and is within an established industrial locality.
Tenure
Freehold subject to 3 Occupational Leases
Rating Asssessment
The rateable value is £30,500.00.
Services
We understand that all mains services are connected.
Tenancy Details
The ground and first floors totalling 9,676 sq ft are let to Quantum Precision Engineering Ltd at a rental of £36,000.00 per annum.
The ground floor workshop of 2,484 sq ft is let to Maywick at a rental of £24,000.00 per annum.
Rear ground floor workshop of 2,056 sq ft is let to Apex Business Supply Ltd at a rental of £20,000 per annum.
The net rental received is £80,000.00 per annum.
New leases of 5 year terms on the equivalent of a Fri basis.
Legal Costs
Each party to be responsible for their own legal costs incurred.
Viewing
Strictly by appointment with the Agents, Shepherd Commercial.
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