5-11 Tower Street
Birmingham, B19 3RRThe Space
For Sale industrial investment producing £80,000 per annum
At a glance
| Property Type | Investment |
| Tenure | For Sale |
| Size | 14,216 sq ft |
| Price | Offers in the region of £925,000 Producing £80,000 per annum |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been set as EPC exempt. Reason: EPC has been commissioned, will be available in less than 28 days |
Birmingham Snow Hill
10 mins
Jewellery Quarter
10 mins
Birmingham Moor Street
17 mins
Birmingham New Street
17 mins
Chesham
1488 mins
Amersham
1521 mins
Chalfont and Latimer
1553 mins
Reading
1575 mins
Key Points
- 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.
The 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.
