Property Information
Address:
30-31, Lower Tower Street, Birmingham, West Midlands
, B19 3NL
, West Midlands
, england
Price: Property no longer available.
Size: 11555 sq ft1073 sqm
Primary Category: Warehouse
All Categories:
Office, Warehouse,
Property Ref/Movehut: MH513785
Property Ref/Agent: lower tower
*Please use the agent ref when calling the agent directly.
Property description
INDUSTRIAL WAREHOUSE Premises with TWO STOREY OFFICES benfitting from ROLLER SHUTTER ACCESS, MINIMUM EAVES HEIGHT of 11ft and REAR YARD - Gross Internal Area 11,555 Ft2 (1,073.48 M2) approx.
Location
The property is situated on Lower Tower Street in the Hockley area of Birmingham within close proximity to Birmingham City Centre and the historic Jewellery Quarter.
Access to the property is via either Summer Lane or Newtown Row both allowing access to Birmingham City Centre via the inner ring road.
The location also allows for convenient access to the national motorway network via the A38 (M) at Dartmouth Circus situated approximately ½ mile to the east and linking directly with J6 of the M6 at Spaghetti Junction.
Description
The property comprises a substantial warehouse premises of steel portal frame construction, surmounted by a pitched insulated roof with translucent roof lights. The warehouse benefits from concrete flooring, fluorescent strip lighting, gas air blowers, roller shutter access, toilets and a minimum eaves height of 11ft rising to 15ft approximately.
To the front of the property is a two storey building providing reception and workshop space at ground floor level with a number of cellular offices at first floor level, toilets and kitchenette facilities.
A front roller shutter leads to a side driveway with access to a rear yard. The rear yard also has a number of outbuildings and storage areas.
Accommodation
Total (GIA) 11,555 Ft2 (1,073.48 M2) approximately
Rental / Purchase
The property is available to let on a new lease with length to be agreed at £45,000 per annum exclusive.
Alternatively the property is available to purchase at £345,000.
Tenure
We understand that the property is held long leasehold for a term of 99 years from 1972 at a ground rental of £11,650 per annum exclusive.
We have been verbally advised by Birmingham City Council that they will extend the lease and we advise all interested parties to make their own enquiries with Birmingham Property Services.
Rateable Value
RV –26,500
Rates Payable - £13,170.50 per annum
Services
All mains services are available on or adjacent to the subject premises.
Planning
We understand that the property has planning consent under use class B2 and B8.
Legal Costs
Each party are to be responsible for their own legal costs incurred during this transaction.
Availability
The property is immediately available following the completion of legal formalities.
Viewings
Strictly via the sole agent Siddall Jones.
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