No longer on the market
This property is no longer on the market
MapProperty
Property
506
EPC rating: D
Features and description
FOR SALE - An opportunity to acquire a freehold investment premises including a ground floor lock-up shop currently producing a rent of £9,600 per annum. The freehold interest also includes a further ground floor shop and first floor offices which are subject to long leases at peppercorn ground rents and therefore produce no rental income. EPC = No. 12 (73 - D), 12A (46 - B), 12B (68 - C).
12 HIGH STREET:
RETAIL SALES AREA: 3.42m (shop front) x 15.9m
PARTITIONED STORE: 1.9m x 1.92m
REAR LOBBY:
With access to rear.
KITCHEN: 2.19m x 2.21m
WASHROOM
12A HIGH STREET:
RETAIL SALES AREA: Frontage 3.78m (maximum width 5.45m) x 16m
REAR STORE: 5.36m x 3.13m plus 1.60m x 1.51m
KITCHEN: 1.81m x 1.48m
TWO WASHROOMS
ACCESS TO REAR YARD
12B HIGH STREET (OFFICE SUITE)
GROUND FLOOR
ENTRANCE LOBBY: 1.40m x 1.80m
With staircase and meter cupboard off.
FIRST FLOOR
LANDING
ROOM 1 (FRONT, RIGHT): 3.67m max. x 3.92m max.
ROOM 2 (FRONT, LEFT): 3.64m x 3.98m plus 2.64m x 0.95m
ROOM 3 (REAR, LEFT): 3.65m x 3.44m
ROOM 4 (REAR, RIGHT): 2.52m x 4.44m and 1.09m x 2.05m
KITCHEN: 2.19m x 3.91m
ADDITIONAL ROOM: 2.12m x 3.49m
(Former washroom)
USEABLE INTERNAL FLOOR AREA: 74.38 SQ.M.
OUTSIDE
REAR ACCESS:
The owner advises that there is vehicular access over and to the rear of the premises for deliveries but not for parking.
SERVICES AND APPLIANCES
Mains electricity, water and drainage are connected to each property. There is electric heating to number 12B. The Agents have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify they are in working order or fit for their purpose. The prospective tenant is advised to obtain verification from their Solicitor or Surveyor.
RATING ASSESSMENT
Rateable Value (from 1st April 2023):
12 High Street - £8,500
12A High Street - £11,250
12B High Street - £6,000
Where provided the Agent has made a verbal enquiry with the Local Authority and this information should be verified by interested parties making their own enquiries.
LEASES
12 High Street - Held on a 21 year lease from the 1st April 2010. The current rent is £9,600 per annum. A rent review is due in 2026.
12A High Street - Held on a 999 year lease from the 23rd August 2022 (expiring on the 22nd August 3021) at a peppercorn ground rent.
12B High Street - 999 year lease from the 30th March 2020 (ending on the 29th March 3019) at a peppercorn ground rent.
The Agent has not checked the legal documentation to verify legal status of the property or validity of any guarantees. A tenant must assume the information is incorrect, until it has been verified by their own solicitors.
VAT
All figures quoted are exclusive of VAT where applicable.
VIEWING
Strictly by prior appointment via Agents.
IMPORTANT NOTE
If you are considering entering into a lease for commercial premises, before proceeding we would draw to your attention the existence of the Code for Leasing Business Premises First Edition February 2020 () This document and its supplemental guide set out the basis on which negotiations of the lease terms should be undertaken. It is recommended that you obtain your own professional advice with regard to the Code and the proposed lease terms before proceeding.
ANTI-MONEY LAUNDERING REGULATIONS
In order to comply with Anti-Money Laundering Regulations, any prospective tenant will be required to provide the following:
1. Satisfactory photographic identification.
2. Proof of address/residency.
In the absence of being able to provide appropriate physical copies of the above, Scriven & Co reserves the right to obtain electronic verification of identity.
Satisfactory bank and trade references will also be required.
Find information about a property in England or Wales:
Mobile and broadband checker: If mobile coverage and broadband speed is an important issue we would suggest checking with:
Flooding: If you wish to check flooding information in respect of the property, the following may be of assistance:
Long term flood risk check of an area in England:
Service provider information: we would suggest the following:
Gas supply:
Electric supply:
Water supplier:
Consumer code for house builders:
12 HIGH STREET:
RETAIL SALES AREA: 3.42m (shop front) x 15.9m
PARTITIONED STORE: 1.9m x 1.92m
REAR LOBBY:
With access to rear.
KITCHEN: 2.19m x 2.21m
WASHROOM
12A HIGH STREET:
RETAIL SALES AREA: Frontage 3.78m (maximum width 5.45m) x 16m
REAR STORE: 5.36m x 3.13m plus 1.60m x 1.51m
KITCHEN: 1.81m x 1.48m
TWO WASHROOMS
ACCESS TO REAR YARD
12B HIGH STREET (OFFICE SUITE)
GROUND FLOOR
ENTRANCE LOBBY: 1.40m x 1.80m
With staircase and meter cupboard off.
FIRST FLOOR
LANDING
ROOM 1 (FRONT, RIGHT): 3.67m max. x 3.92m max.
ROOM 2 (FRONT, LEFT): 3.64m x 3.98m plus 2.64m x 0.95m
ROOM 3 (REAR, LEFT): 3.65m x 3.44m
ROOM 4 (REAR, RIGHT): 2.52m x 4.44m and 1.09m x 2.05m
KITCHEN: 2.19m x 3.91m
ADDITIONAL ROOM: 2.12m x 3.49m
(Former washroom)
USEABLE INTERNAL FLOOR AREA: 74.38 SQ.M.
OUTSIDE
REAR ACCESS:
The owner advises that there is vehicular access over and to the rear of the premises for deliveries but not for parking.
SERVICES AND APPLIANCES
Mains electricity, water and drainage are connected to each property. There is electric heating to number 12B. The Agents have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify they are in working order or fit for their purpose. The prospective tenant is advised to obtain verification from their Solicitor or Surveyor.
RATING ASSESSMENT
Rateable Value (from 1st April 2023):
12 High Street - £8,500
12A High Street - £11,250
12B High Street - £6,000
Where provided the Agent has made a verbal enquiry with the Local Authority and this information should be verified by interested parties making their own enquiries.
LEASES
12 High Street - Held on a 21 year lease from the 1st April 2010. The current rent is £9,600 per annum. A rent review is due in 2026.
12A High Street - Held on a 999 year lease from the 23rd August 2022 (expiring on the 22nd August 3021) at a peppercorn ground rent.
12B High Street - 999 year lease from the 30th March 2020 (ending on the 29th March 3019) at a peppercorn ground rent.
The Agent has not checked the legal documentation to verify legal status of the property or validity of any guarantees. A tenant must assume the information is incorrect, until it has been verified by their own solicitors.
VAT
All figures quoted are exclusive of VAT where applicable.
VIEWING
Strictly by prior appointment via Agents.
IMPORTANT NOTE
If you are considering entering into a lease for commercial premises, before proceeding we would draw to your attention the existence of the Code for Leasing Business Premises First Edition February 2020 () This document and its supplemental guide set out the basis on which negotiations of the lease terms should be undertaken. It is recommended that you obtain your own professional advice with regard to the Code and the proposed lease terms before proceeding.
ANTI-MONEY LAUNDERING REGULATIONS
In order to comply with Anti-Money Laundering Regulations, any prospective tenant will be required to provide the following:
1. Satisfactory photographic identification.
2. Proof of address/residency.
In the absence of being able to provide appropriate physical copies of the above, Scriven & Co reserves the right to obtain electronic verification of identity.
Satisfactory bank and trade references will also be required.
Find information about a property in England or Wales:
Mobile and broadband checker: If mobile coverage and broadband speed is an important issue we would suggest checking with:
Flooding: If you wish to check flooding information in respect of the property, the following may be of assistance:
Long term flood risk check of an area in England:
Service provider information: we would suggest the following:
Gas supply:
Electric supply:
Water supplier:
Consumer code for house builders:
Property information from this agent
About this agent
A family run estate agents and Chartered Surveyors, of three generations, founded in 1937. Conveniently situated on the border of Quinton, Halesowen & Oldbury , we provide property related services in respect of both residential and commercial property. This include; sales, lettings and management, as well as valuations, different types of surveys, and the sale of land and new home developments. Our background The company was founded in 1937 by the late A J W Scriven FALPA (Jack Scriven), and soon established itself in the Black Country and the West Midlands. Martin Scriven B.Sc. (val.Est.Man.) FRICS, (son of the Founder) joined the company in 1978, and worked for the firm up until 2020, when at this time he became the firm's consultant. In September 2007 Gordon Tibbetts FARLA was appointed director, with Martin's sons George Scriven AssocRICS FNAEA, and Charles Scriven MRICS ARLA also becoming directors in 2015. Kevin Davis MRICS, Jon Dunbar FARLA, Nicola Stevens ARLA, and Andrew Thomas MAAT are also associates of the company, and work within the Commercial and Surveys, Property Management, and Accounts departments respectively. Irma Deeming is the firm's business manager. Qualifications and memberships It is important to be aware that not all Estate Agents are regulated or are members of professional organisations. Engaging such an agent could leave you at risk. As members of the RICS (The Royal Institution of Chartered Surveyors), and the NAEA/ARLA Propertymark (National Association of Estate Agents &The Association of Residential Letting Agents), we are members of the leading professional bodies that set the industry standards, ensure legal compliance, and also guarantee that all client money is protected. Choosing your Estate Agent Each of the departments (Residential Sales, Residential lettings, Commercial & Surveys, and Accounts) comprise experienced staff members dedicated to providing the best service as possible. By not mixing each team with other departments, this enables to you have consistent and efficient communication with the same person(s). You will find that all of our staff are very approachable and will always be happy to speak to you. We pride ourselves on giving a very personal and highly professional service, and we believe that good communication is vital. With over 82 years of selling, letting and managing properties within the local and surrounding areas, and staff living within the areas we operate, Scriven & Co are extremely well equipped with the required experience and local knowledge to be your agent, whether it be to find a suitable tenant, make sure we do the right things to get the best price for your home, or give you the right advice for you to sell your property as quickly as possible. If you would like to know more about one of our many services please get in touch so that we can arrange for an appointment to come and see you, at a time to suit you. Our free of charge residential property appraisals are no obligation, and we can explain more about our competitive and professional services that are flexible to suit you. We aim to provide a professional service of the highest standard, with honesty and integrity, at a competitive price.