The property comprises a double-fronted commercial retail shop situated in the famous Balti Triangle on Ladypool Road Sparkbrook Birmingham B12 8JT, which can be used for various trades subject to planning permission.
The property is open plan with rear access and has tiled flooring, electric shutters, suspending ceiling and electric shutters.
Retail shop Ground floor retail
Total Retail Area: 322.37 ft²
Rent: The property is available at a rent of £42,000 per annum, subject to contract. Terms to be agreed.
Rent: £10,500.00 (to be paid quarterly in advance)
Goodwill for Business £50,000.00
Deposit: Equal to 3 Months’ Rent
Repair obligations: Full Repairing and Insuring Terms.
Building insurance: 50% Building Insurance premium payable.
Legal fees: In going Tenant pays landlords legal fees
Business Rates: Birmingham City Council
Agency Fee: Apply
Money laundering
The money laundering regulations require identification checks are undertaken for all parties purchasing/ leasing property. Before a business relationship can be formed, we will request proof of identification for the purchasing/leasing entity.
Our agency will not progress an application until the holding deposit has been paid and an application form is completed and returned by the applicant(s). To avoid unnecessary delays, it’s important that you return your application form(s) within 48 hours.
The holding deposit is the equivalent of one week’s rent, which once paid, is offset against the total balance due.
A tenancy cannot be completed until the agreed first month’s rent and bond are paid in full. On occasions, the Landlord may request a guarantor in order to offer a tenancy subject to referencing. The holding deposit is non-refundable should following referencing, it is discovered that key material facts have been omitted or prove false which then leads to the Landlord declining your application.
By paying the holding deposit, the property you have reserved will be taken off the market and all future viewings cancelled, and it is therefore deemed fair that the tenant will receive no refund should they later decide not to take up the tenancy or fail to move in on the agreed proposed check in date.
If the Landlord decides against proceeding with the tenancy, the tenant will receive a full refund of all monies paid.
Our helpful team are on hand to answer any queries and concerns you may have.
