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Unit 1 Rea Court
40 Trent Street Digbeth
Birmingham - B5 5NL

Property Reference:BMO03301

Size:2,583 sq ft (240 sq m)

Town / City:Birmingham

Rent: £15,500 Per Annum + VAT

Monthly Rent: £1,292

Type:Warehousing, Light Industrial, Storage, Retail, Leisure

Available From:Summer 2017

Local Authority:Birmingham City Council.

Deposit:3 months rent – subject to status

Description:

Rea Court is a development of four industrial units located in the popular industrial/creative area of Digbeth between Trent Street and Milk Street close to the Custard Factory. 

The tenant will have permission to use five parking spaces on the development.

Key Details:
  • industrial unit but would suit alternative uses
  • flexible lease terms
  • 3 phase electrics
  • Designated parking
  • Office/W.C
Location Description:

The property is located in the heart of Digbeth approximately 1/2 mile from the city centre.

The Inner and Middle Ring Roads are in close proximity affording excellent communication links to the rest of Birmingham and the West Midlands conurbtion.

Property Agreement:

Available on Network Rail Property's Solutions Tenancy Agreement.

The benefits of this are:
 
Rental payments can be made monthly by direct debit
Rent increases are applied annually and are aligned to the Retail Price Index (RPI).

Tenants are able to serve 3 months notice to end their tenancy

Solutions RPI: 1%

Insurance:

The tenant is to pay the sum of £694.83 per annum in respect of a contribution to insurance.

User Planning:

Most uses will be considered provided the in-going tenant obtains the necessary planning consent  and other licences required for their respective use. 

The area is an upcoming creative area close to the Custard Factory.  Therefore retail, leisure or creative businesses will be considered favourably.

Business Rates:

Payable by the tenant, please contact the local authority for details.

Service Charge:

A Service Charge is payable of £486.10 per annum for the general upkeep and repair of the common area together with a Long Term Maintenance Charge of £59.26pa.

Costs:

Tenant to contribute £395.00 + VAT towards the documentation and administration.

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