Hill Street, Lye, Stourbridge

TO LET - A recently refurbished warehouse/industrial unit on a well established industrial estate with good access to Lye, Stourbridge, Halesowen and surrounding towns. Loading bay area, roller shutter door access to Hill Street and pedestrian door (fire escape access) to a communal yard approached from Fletcher Street. Pedestrian door to Hill Street. Gross Internal Floor Area: 1425 sq.ft. (132.39 sq.m.). EPC = D (97)

ACCOMMODATION:

LOADING BAY AREA: 3.50m max. x 5.48m average

MAIN WAREHOUSE/WORKSHOP AREA: 6.22m max. (4.65m min.) x 17.61m
Concrete floor, suspended lighting, electrically operated roller shutter door to Hill Street, pedestrian (fire escape) door to communal yard area.

KITCHEN/OFFICE: 3.53m 3.84m plus recess and steps up to main warehouse
Stainless steel sink unit, work surface, base cupboard. Door to Hill Street.

WASHROOM: 2.71m x 1.62m
W.C. and wash basin.

OUTSIDE:

There is provision for communal parking serving the development on the opposite side of Hill Street (on a first come first served basis).

RATING ASSESSMENT:

Rateable Value (1st April 2023 List): Unable to identify on Valuation Office website.
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.

LEASE:

For a term of 6 years incorporating a rent review and break clause after 3 years. The Agent has not checked the legal documentation to verify the legal status of the property or validity of any guarantee. A tenant must assume the information is incorrect until it has been verified by their own solicitors.

REPAIRING LIABILITY:

Full repairing and insuring.

LEGAL COSTS:

Each party to be responsible for their own legal fees should the in-going tenant take a lease for a minimum term of 6 years.

VAT:

The rent is subject to VAT.

SERVICES AND APPLIANCES:

Mains electricity, water and drainage are connected. The electrics have a 3 phase supply. 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.

VIEWING:

Strictly by prior appointment via Agents on 0121 422 4011 (option 3 commercial)

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 sets 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.