LOCATION

The site is located within the heart of Birmingham in the suburb of Castle Vale, at less than 3.5 miles from Birmingham City Centre. 

The site has excellent motorway network connections with J5 of the M6 being less than a mile away and J8 of the M42 being 1.5 miles away. 

Regular bus services are available just outside the estate on Park Lane.

DESCRIPTION

Castle Vale Enterprise Park is a multi-let estate comprised of 7 blocks of units ranging from 251 sq ft to 3,407 sq ft, which are suitable for industrial use, workshops or office/studio space. 

The subject property is an end of terrace modern steel portal framed building with brick and blockwork walls, and with an insulated steel profile roof covering incorporating translucent light panels.

The current occupiers have installed a large high quality mezzanine floor which offers an additional 1,226 sq ft of floor space.

Loading is via an electrically operated insulated sectional 'up and over' shutter door (3.94m wide x 3.97m high).

High bay warehouse lighting, and gas fired blower heaters are installed. The current tenants have also installed a ground floor office area, the unit benefits from a WC and small kitchenette space.

The site benefits from on-site CCTV, ample parking, and 24-hour access. 

SERVICES

Mains 3-phase 100amp electricity, gas, water, and drainage  are connected to the property.

The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose. The applicant is advised to obtain verification from their solicitor or surveyor.

ACCOMMODATION

Warehouse - 1,536 sq ft (142.75 sq m)

Ground Floor Office - 164 sq ft (15.20 sq m)

Total GIA = 1,700 sq ft (157.95 sq m)

+ mezzanine floor - 1,226 sq ft (113.90 sq m)

RENTAL

£23,940 per annum.

Exclusive of VAT, building insurance, business rates, service charge, water rates and all other outgoings.

Rent is payable quarterly in advance.

LEASE TERMS

Available under a new full repairing and insuring lease direct from the landlord for a term of years to be agreed, subject to the surrender of the existing tenants lease.

SERVICE CHARGE

A variable charge is levied on the unit in order to cover of the upkeep and maintenance and management etc. of common parts and facilities. Levied on a fair proportion basis. The current 2024 budget charge is £4,305.86 per annum.

BUILDINGS INSURANCE

The landlord will insure the building, with the premium to be reimbursed by the tenant. The current annual figure is £473.59 +VAT, this is a variable sum year to year and may fluctuate based on business use/operations.

POSSESSION

Full vacant possession will be offered to a new tenant upon completion of all legal formalities.

LEGAL COSTS

Each party will be responsible for their own legal costs incurred in the transaction.

BUSINESS RATES

2023 Rateable Value – £11,750

Up to 100% Small Business Rate Relief may apply subject to status.

PLANNING

We are advised that the property is suitable for E/B2/B8 uses.

Prospective tenants should seek confirmation from the local authority.

ENERGY PERFORMANCE CERTIFICATE

C69 (valid until June 2033)