£695,000

Retail premises for sale

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Fixed price

£695,000

(£540.44/sq. ft)

Retail premises for sale

Warstone Lane, Birmingham B18

1,286 sq. ft

Local area information

Property location

Nearby amenities

  • Blackwater Academy 0.2 miles
  • Jewellery Quarter Academy 0.2 miles
  • Jewellery Quarter 0.2 miles
  • Birmingham Snow Hill 0.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Birmingham to find out more about the local area.

Features and description

  • Prominent Location
  • Car Parking to Rear
  • Main Road Frontage
  • Freehold Title
Location

The property occupies a prominent position on Warstone Lane within the historic Jewellery Quarter, a well-established and highly sought-after location approximately 1 mile north-west of Birmingham City Centre. The premises benefit from a strong presence within a vibrant mixed-use area, home to a range of independent retailers, cafés, offices and residential developments. The property is well connected via the A41 and A4540 Middle Ring Road, providing direct access to the city centre and the wider motorway network, with Junction 6 of the M6 motorway located within close proximity.

Description

The premises comprise two adjoining self-contained retail units of brick-built construction surmounted by a flat roof. Both properties benefit from a glazed shop front with access direct from Warstone Lane. 53A Warstone Lane operates as a nail & beauty salon and benefits from a tiled floor, plaster & painted walls, inset LED lights, a kitchen and WC facilities. 54 Warstone Lane operates as a restaurant and benefits from a solid floor with a tiled covering, full height glazed windows, plaster & painted walls, inset spot lights & WC facilities. The kitchen at the rear benefits from a tiled covered floor, extraction canopy, stainless steel sinks & drainer, a cold store and chiller unit. There is a shared parking area to the rear of the property.

Energy Performance Certificates

Details available upon request.

Lease Details

53A Warstone Lane is let on a 10-year lease with effect from 13th February 2023 at a passing rent of £22,200 per annum exclusive.

54 Warstone Lane is let on a 10-year lease with effect from 24th February 2025 at a passing rent of £20,000 per annum exclusive with an increase to £24,000 per annum exc with effect from 24th February 2028. There is a rent review at the 6th & 9th anniversary of the lease.

Tenure/Rent

The freehold interest is available at a quoting price of £695,000, subject to contract.

Business Rates

53A Warstone Lane is currently listed within the 2026 rating listing as having a rateable value of £7,500. Rates payable will be in the region of £3,742.50 per annum.

54 Warstone Lane is currently listed within the 2026 rating listing as having a rateable value of £13,500. Rates payable will be in the region of £6,736.50 per annum.

Interested parties are advised to make their own enquiries to Birmingham City Council on .

VAT

We understand that the property is elected for VAT. The property may qualify as a transfer of a going concern (togc).

Legal Costs

Each party to be responsible for their own legal costs incurred during this transaction.

Viewing

Strictly by prior appointment with sole agents, Mason Young Property Consultants.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Mason Young Property Consultants. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Mason Young Property Consultants for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. West Midlands
  4. Birmingham
  5. Birmingham City Centre
  6. Hockley
  7. Warstone Lane