Three Shires Oak Road, Smethwick

TO LET - Ground floor lock-up shop with wide sales frontage. Suitable for a number of retail/business uses. Well established trading position close to Bearwood High Street. EPC = C (57).

ACCOMMODATION

SALES AREA (LEFT): 7.78m average x 5.11m max.

STORE CUPBOARD: 2.83m x 0.85m

KITCHEN: 2.98m x 2.28m

SALES AREA (RIGHT): 6.89m min. x 3.50m max. (2.74m min.)

WASHROOM: 2.27m x 1.97m

STORE: 0.65m x 1.11m

RETAIL SALES AREA: 58.68 SQ.M. (631 SQ.FT.)

RATING ASSESSMENT:
Rateable Value (from 1st April 2023): £14,750
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:
The premises are to be let on lease. The length of term to be by negotiation subject to a minimum term of three years.
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.

LEGAL COSTS:
Each party will be responsible for their own legal fees.

REPAIRING LIABILITY:
The lessee will be responsible for internal repairs and decoration (including maintenance of the roller shutter doors and shop front).

The lessee will be responsible for reimbursement of the insurance premium and the payment of rates and all other outgoings.

VAT:
The client advises that the rent will be subject to VAT.

RENT DEPOSIT:
A rent deposit of £1,500.00 (one thousand five hundred pounds) plus VAT (£1,800.00 (one thousand eight hundred pounds) including VAT) will be payable by the lessee at the commencement of the lease and will be held in a non-interest bearing account for the duration of the lease.

SERVICES AND APPLIANCES:
Mains electricity, water and drainage are connected. Heating is provided by air conditioning units. A fire alarm system is installed.
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 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.