* Freehold
**Key Points**
* In the Heart of Sutton Coldfield
* Self - Contained Ground Floor Premises
* Let to Alutech Commercial UK
* 10 - year Lease with No Breaks
* Low Underlying Capital Value of £197. 37 ft2
* Sale Treated as togc
**Description**
The property comprises a ground floor retail showroom situated on the ground
floor of Knights House.
The space has been recently refurbished and provides modern open plan showroom
space with full height glazed aspect onto Gracechurch.
The property benefits from its own entranceway with tiled flooring, LED
lighting, emulsion coated walls and air conditioning.
**Location**
Knight’s House is located in the heart of Sutton Coldfield at the top of The
Parade and adjoins The Gracechurch Shopping Centre, which acts as the primary
retailing destination in Sutton Coldfield town with retailers including House
of Fraser, M&S, River Island, Topshop, Pandora and Costa.
In addition to the nearby retailing, there is an abundance of bars and
eateries in the immediate vicinity from national occupiers such as tgi
Friday’s, to strong independents such as The Station pub and The Royal, which
are both staples of the Sutton Coldfield evening circuit.
There are 3 pay and display car parks within walking distance and Knight’s
House has the added benefit of being situated within 100m walking distance of
Sutton Coldfield train station, which provides direct links to Birmingham City
Centre and Lichfield.
**Terms**
Offers in excess of £225, 000 are sought, subject to contract reflecting niy of
6. 59% and 7. 03% from 2024 (when assuming purchasers’ costs of 1. 17%) and a low
underlying Capital Value of £197. 37 ft2.
**Tenure**
The property is held long leasehold expiring 24th January 3016 at a peppercorn
rental.
**Tenancy**
The property is let to Alutech Commercial UK and guaranteed by their parent
company Alutech Systems s. r. o on a 10 - year lease from 1st April 2021.
The rent is currently £15, 000 per annum exclusive and increases to £16, 000 per
annum exclusive 1st April 2024 for the remainder of the contractual term.
**VAT**
All prices quoted are exclusive of VAT.
However, it is envisaged the sale will be treated as a togc.
**Energy Performance Certificate (EPC)**
Energy Performance Certificate (EPC) available upon request from the agent.
**Money Laundering**
The money laundering regulations require identification checks are undertaken
for all parties purchasing/leasing property.
Before a business relationship can be formed, we will request proof of
identification for the purchasing/leasing entity.
**Legal Costs**
Each party are to be responsible for their own legal fees incurred during this
transaction.

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