Restaurant/cafe to let

Due to retirement and health issues

Indian & caribbean hot food lease for sale inc fixtures

34, High Street Castle Vale Birmingham B35 7PR - "raj spices"

Location

Situated within the redeveloped high street, opposite nisa extra Convenience Store & Pharmacy, nearby traders include : Castle vale fish bar, eclipx hairdressers, wing wo Chinese takeaway

Description

Modern lock up shop of about 670 sq ft net with suspended tiled ceiling with strip lighting

With Staff Toilet, Sadia Heatrae electric hotwater heater : Trade fixtures inc Tandoori Oven, Foster Walk in Chiller, nine burner gas fired hob with two ovens under, three stainless Steel tables and s/s double bowl sink unit.

One car parking space is included

Business

Only trading 5.30pm to 9.30 pm and closed Mondays with very limited menu choice. There is genuine scope

tenure :

To be let on a new effective 15 year full repairing and insuring lease, at a rental of £ 13,000 pa plus VAT payable quarterly in advance., subject to upward only rent reviews every three years to the highest of Open Market Rental Value or by reference to the increase in rpi index, min 1% pa and max 3 % pa

Longer or shorter term lets considered.

Until 23rd June 2026 the rental will be fixed at £10,400 pa plus VAT

Information

Rateable Value : £8,600 pa

Rates Payable 2023-24 : £4,300 pa unless applicant qualifies for small business rates relief in which case currently zero rates payable

Utilities

All mains services are installed and connected. Inc Gas.

VAT : Is applicable

legal costs : Ingoing lessee responsible for all the landlord’s “reasonable” legal costs involved of the new lease.

EPC rating : C54 – further details upon request.

Possession : Vacant Possession is available upon completion of the legal formalities.

Price : Offers around £25,000 plus VAT are invited, for the new lease to include the trade fixtures.

Viewing: By appointment with the agents, notice

leon shutkever & co Ltd as agents for the vendor and for themselves, give notice that;

These particulars do not constitute an offer, or contract, or any part thereof and none of the statements contained in the particulars as to the property is to be relied on as a statement or representation of fact.

An intending purchaser must satisfy himself by inspection or otherwise, as to the accuracy of the statements herein. Such statements are made in good faith but without responsibility on the part of Leon Shutkever & Co Ltd or the vendor.

The vendor does not make or give, nor is Leon Shutkever & Co Ltd or their staff authorised to make or give any representation of warranty in respect of this property.

In the event of any inconsistency between these particulars and the Conditions of Sale, the latter shall prevail.

Subject to contract

The terms Vendor and Purchaser shall where the context requires be deemed to refer to Lessee and Lessor respectively.