Retail property (out of town) to rent
Property description & features
- PRIME RETAIL SHOP
- FLEXIBLE USE
- OVER 3 FLOORS
- AVAILABLE EARLY 2024
- WELL FITTED FOR IMMEDIATE OCCCUPATION
- BUSY LOCATION
- HIGH VOLUME OF TRAFFIC
? Period terraced building
? Flexible Use - Beauticians - Hair - Retail - Offices
? 3 floors - front and rear access
? Existing Lease
? Available early 2024
? Well Fitted for immediate occupation
? Double Glazed & electric heating
? Prominent busy Location
? High traffic volumes
LOCATION
Situated in the heart of Oldswinford in area of mixed commercial and retail premises. The property is surrounded by similar properties and forms part of a terrace of retail / commercial buildings.
Within easy reach of many local services including shops, cafes, eateries and pubs. Close, railway station and Stourbridge Town Centre.
ACCOMMODATION
The property comprises a mid-terraced commercial / retail premises over three floors of standard brick construction with tiled and pitched roof. The property is well maintained and fitted out ready for immediate use. The accommodation comprise a gross internal floor area of c 735 sq ft. (68 sq m)
EXISTING LEASE
Passing rental is £18,000 per annum exclusive. The lease is for a term expiring 12 June 2036, subject to rent reviews in June 2026 and 2031.
BUSINESS RATES
Tenants are responsible for all Business Rates - small business rates relief should be available. Current Rateable Value £6,500 from April 2023.
INSURANCE
The freeholder undertakes Buildings Insurance.
LEGAL COSTS
Each party to pay all own costs in respect of this transaction.
VAT
We understand VAT will be not charged on the sale of this property.
VIEWING - please contact the Agents
GENERAL TERMS
References The successful tenant / purchaser will need to provide either a satisfactory bank reference and / or two trade references for approval.
Money Laundering The successful tenant will be required to submit proof of identity, in accordance with money laundering regulations.
Fixtures & Fittings Any fixtures and fittings not expressly mentioned within these particulars are excluded from the transaction.
Areas & Dimensions All areas and dimensions are deemed to be approximate only.
© Walton and Hipkiss
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