Newbury Lane, Oldbury, West Midlands

TO LET: An opportunity to lease a lock-up retail unit with the benefit of forecourt/off-road parking to the front. Approximate Gross Internal Floor Area: 374.63 sq. ft. (34.80 sq.m.)

The property has an electric roller shutter door and has excellent links to Oldbury and Rowley Regis and Junction 2 of the M5.

ACCOMMODATION:

The accommodation comprises: -

RETAIL AREA: 3.71m max. x 4.58m
Opening on to:

REAR LOBBY AREA: 2.14m x 2.22m

WASHROOM:
With w.c.

KITCHEN/STORE: 4.06m x 2.37m min. (2.42m max.)
With a range of kitchen units. Store cupboard off.

OUTSIDE
A fire escape door leads to a side and rear passageway with gate to the forecourt.

OUTSIDE WASHROOM:
In need of refurbishment.

LEASE
Length of lease by negotiation. Subject to a minimum term of 3 years.

The lease will be granted outside of the Landlord and Tenant Act 1954 and will be on a full repairing and insuring basis.

LEGAL COSTS
The in-going tenant will be responsible for the landlord's legal costs in the preparation of the lease.

SERVICES AND APPLIANCES
Mains electricity, water and drainage are available. 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 tenant is advised to obtain verification from their Solicitor or Surveyor.

RATING ASSESSMENT
Rateable Value (2023 List): £2,500 (Shop and Premises)
Where provided the Agent has made an online enquiry with the Valuation Office website and this information should be verified by interested parties making their own enquires.

EPC
Not applicable.

VAT
All figures quoted are exclusive of VAT where applicable.

RENT DEPOSIT:
The in-going will be required to pay a Rent Deposit which will be held in a non-interest bearing account for the duration of the lease.

VIEWING
Strictly by prior appointment via Agent's who will accompany prospective tenants around the property.

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 (https://www.rics.org/globalassets/code-for-leasing_ps-version_feb-2020.pdf) 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.