Leasehold retail unit for sale in Arcadian Centre Birmingham with 1400 sq ft of space

Description

Leasehold Retail Unit Located in The Arcadian Centre, BirminghamPrime Retail Space Suitable for a Variety of UsesRetail Area: 1,400 SQ FTBasement: 807 SQ FTRef: 3252Asking Price: £225,000LocationPrime leasehold retail unit situated within The Arcadian Centre, Birmingham’s vibrant Chinatown and Southside district. The property benefits from a prominent trading position within a well-established leisure and entertainment destination and would suit a wide variety of retail and café-style operators.Business DescriptionVeritas Business Sales are pleased to offer the lease for sale of this prime retail space located in The Arcadian Centre, Birmingham. The current owner purchased the lease in 2022 and is now selling in order to focus on other business interests.Since acquisition, the unit has been fitted out from an empty shell with comprehensive works including new drainage, electrics, utilities, fire systems, water supply, air conditioning, and CCTV. All fixtures and fittings are fully owned and included within the sale price. The premises would suit a range of retail uses as well as light food operators such as a coffee shop or sandwich bar. Please note there is currently no gas supply to the premises, therefore a full restaurant operation may not be suitable.The space is considered suitable for larger retailers or niche independent operators due to its prominent location. Early viewing is highly recommended.LeaseholdTerm: 10 yearsRemaining: 6 yearsRent: £27,000 plus VAT per annumRent Review: Every 5 yearsService Charge: £12,000 plus VAT per annumBusiness Rates: £0Ground FloorRetail area (1,400 sq ft) comprising two partitioned rooms, office area and staff room. Stair access leads to the basement level, along with a rear exit to the car park.Basement(807 sq ft)Large storeroom with water tank and sewage tank.Staff toilet with WC, wash basin, and mop sink.Staff kitchen with stainless steel sink, drainer, and base storage cupboards.