Property photos
Freehold
Offers in region of
£925,000
(£65.07/sq. ft)
Property for sale
5-11 Tower Street, Birmingham B1914,216 sq. ft
Local area information
Property location
Nearby amenities
- St Chad's Catholic Primary School 0.1 miles
- St George's Church of England Academy, Newtown 0.1 miles
- Birmingham Snow Hill 0.5 miles
- Jewellery Quarter 0.5 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
- Freehold
- 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.
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.
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.
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.
More information
Listed by
Shepherd Commercial
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Property descriptions and related information displayed on this page are marketing materials provided by - Shepherd Commercial. 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 Shepherd Commercial for full details and further information.