Estate House, 821 Hagley Road West, Quinton
Birmingham
B32 1AD
Redditch Road, Birmingham
Offers In The Region Of £550,000
Commercial
- For Sale by Private Treaty
- Excellent opportunity to acquire a freehold investment property
- Let to Whitecross Dental Care Ltd on a 15 year lease from 12th Nov 2021
- Gross Internal Floor Area of approximately 2845 sq ft (264 sq m)
- Forecourt parking area
- Secure dentist covenant
- Viewing strictly by appointment via agents
FOR SALE - An excellent opportunity to acquire a freehold investment property currently let to Whitecross Dental Care Limited trading as mydentist. Benefitting from a secure dental covenant and forecourt parking. EPC = 52 (C)
DESCRIPTION
Nos 183 and 183a have now been linked to form a detached property. The property is planned on the ground floor with main reception approached from the side and set back from the road behind an extensive parking area.
The property is currently let to Whitecross Dental Care Limited who are currently trading as MyDentist Limited.
The surgery has a main reception area, further waiting areas, consultation rooms, a staff room and disabled toilet facilities. It also benefits from a garden area to the rear of the practice.
LOCATION
Kings Norton is a popular, largely residential area with good local shopping facilities. The surgery occupies a prominent position on Redditch Road in Kings Norton with a large residential catchment area. Amenities including Aldi and Cadbury College are nearby. Situated on the A441, the location provides direct access to Birmingham City Centre, approximately 7 miles away. Public transport links are available, with a bus stop directly outside the property and both Longbridge and Kings Norton train stations within a short drive. The premises has excellent parking facilities for those who choose to visit by car.
AREA
Approximate Gross Internal Floor Area 264 sq. m (2,845 sq. ft) or thereabouts. (See plan).
POSSESSION
The property is being sold subject to the lease granted to Whitecross Dental Care Limited.
TENURE
The lease is for a term of 15 years which commenced on the 12th of Nov 2021, and subject to a current rent of £33,978 per annum (paid quarterly and in advance). The rent is subject to review on the 12th of November 2026 and the 12th of November 2031.
The tenant is to keep the property in good and substantial repair and condition and reimburse the landlords insurance premium.
There is a tenant only break option on year 10 (12th of November 2031) subject to 6 months’ prior notice.
PLANNING
Interested parties are advised to make their own enquiries regarding the suitability of the property for their proposed use. Birmingham City Council is the local planning authority. There are restrictive covenants detailed in the lease.
RATEABLE VALUE
The property has a Rateable Value of £16,750, effective from April 2023.
SERVICES
The agent has not tested any apparatus, equipment, fixtures, fittings or services and therefore cannot verify that they are in working order or fit for their intended purpose.
EPC
The property has an Energy Performance Certificate rating of a C (52) which is valid until the 9th of July 2035.
VAT
All figures quoted are exclusive of VAT where applicable.
LEGAL COSTS
Each party to bear their own costs.
VIEWING
Strictly by prior appointment via Scriven and Co who will meet prospective purchasers at the property by prior appointment.
0121-422-4011 (option 3, commercial).
ANTI-MONEY LAUNDERING REGULATIONS:
In order to comply with Anti-Money Laundering Regulations, any prospective purchaser will be required to provide the following:
1. Satisfactory photographic identification.
2. Proof of address/residency.
In the absence of being able to provide appropriate physical copies of the above, Scriven & Co reserves the right to obtain electronic verification of identity.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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