Unit 10-12 Central Square Shopping Centre

Overview

ID: #1739
Type: A1
Contract: Leasehold
Location: Erdington
Area: 1387m2

Location

Erdington is a busy, densely populated suburb and forms one of the primary shopping suburbs within Birmingham, being located approximately 3 miles to the northeast of the City Centre. Central Square is situated within the prime retail pitch, with retailers trading in the immediate vicinity including New Look, Specsavers, Holland & Barrett, Iceland, Greggs and Thorntons amongst others.

The scheme benefits from car parking at the rear and an additional provision, the centre’s rooftop car park. The subject unit is located in a prominent position at the rear of the centre being adjacent to Icelandand benefiting from close proximity to the car park.


Accommodation

The property comprises a ground floor retail unit with basement ancillary accommodation, with the following approximate floor areas:

Ground Floor: 7,428 sq ft (690 sq m)

Basement Ancillary: 7,500 sq ft (697 sq m)


Terms

The premises are available by way of a new lease for a term to be agreed.  Alternatively the unit can be made available on a short term licence.


Service Charge

£21,501 per annum, subject to variation.


Rates

We understand that the premises are assessed for rating purposes as follows, although interested parties are advised to make their own enquiries with the local authority to confirm rates payable and whether any transitional relief applies.

Rateable Value: £33,500

Rates Payable: £16,047


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