Restaurant to rent in Solihull, 165 High Street

Situation

Solihull is situated in the West Midlands approximately 9 miles south east of Birmingham City Centre. It is the largest town in, and administrative centre of, the larger Metropolitan Borough of Solihull. The M42 and M40 motorways both pass through Solihull, providing rapid links to London and the south east and the remainder of the motorway network. The National Exhibition Centre is nearby, together with Birmingham International Airport and Railway Station.

The property is situated in the retail centre of Solihull at the south eastern end of the High Street on the corner of its junction with Drury Lane. The main High Street is pedestrianised, although the property stands within 100 yards of circulating traffic in Church Hill Road. The now well established Touchwood Shipping Centre has one of its principal entrances onto the High Street, a short distance from the property.

Description

The building which is a Grade II Listed Building of Architectural and Historic Interest is of brick and half timbered construction with prominent gabled roof having tiled covering. The main High Street frontage extends in all to 10.2m (33’5”) which is the frontage of the restaurant. The building is built up to the back of the pavement, a pedestrianised area. To the rear of the property is a pedestrian access to the restaurant via a right of way.

Accommodation

Number 165 High Street – The Restaurant briefly comprises:

The restaurant offers character accommodation with exposed timbering, the ground floor having lounge bar, restaurant area, gents’ toilet with WC and wash hand basin, access to kitchen areas and cellar storage. On the first floor is an open plan three section area with vaulted ceiling, exposed timbers, central fireplace, heating radiators, servery, ladies’ toilet with two wash hand basins and WC, fire exit with metal stairs to the outside store areas and right of way access. There are outside stores and cold room.

TENURE:

The property is to be offered on a new full repairing and insuring lease for a term of 9, 12 or 15 years, subject to rent reviews every 3 years. The Landlord will insure the building with the premium being recharged to the tenant

Services

Mains electricity, water, drainage and gas are understood to be connected to the property and gas fired central heating is connected. The services have not been tested.

Rent

Offers in excess of £30,000 per annum exclusive.

VAT

May be levied in addition although is not currently charged

Assessment

The current rateable value is: 165 High Street Rateable Value £26,500 (Solihull Metropolitan Borough Council).

Town Planning

The property is understood to be a Grade II Listed Building of Architectural and Historic Interest. Number 165 High Street has the benefit of A3 consent.

Agent's Remarks

A unique opportunity to acquire a lease on a town centre restaurant without a substantial premium.