Retail Property (high street)
High Street, Lye, Stourbridge, West Midlands, DY9
Annual Rent of £5,000
Retail Property (high street) for rent: High Street, Lye, Stourbridge, West Midlands, DY9
Annual Rent of £5,000
Tuesday 21 September 2021
TO LET - An opportunity to lease a lock-up ground floor premises, in prominent parade in Lye on the main crossroads. Suitable for a variety of uses subject to planning approval. EPC = C (60)
ACCOMMODATION (APPROX. DIMENSIONS)
SHOP: 5.88m (9.83m max) frontage (Average Width 7m) x 7.02m depth plus 3.12m x 2.81m (Irregular Shape)
KITCHEN: 4.71m x 2.91m (Staircase off kitchen leading to outside)
The property is offered on the basis a new internal and external repairing and insuring lease (with a service charge in respect of maintenance of the external parts of the property).
The Agent has not checked the legal documentation to verify legal status of the property or validity of any guarantee.
Mains electric, gas and water are available. A gas boiler heats water filled panel radiators in the rear of unit 2. The Agent has not tested any apparatus, equipment, fixtures, fittings or services and so does not verify they are in working order, fit for their purpose, or within ownership of the sellers, therefore the buyer must assume the information given is incorrect.
A service charge is levied in respect of the external maintenance of the property. A copy of the service charge details will be available upon request.
Rateable Value (2020 List): £14,000
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.
Two forms of identity and confirmation of bank details, accountants and previous landlords’ details will be required from the successful tenant.
Through Agents Scriven & Co. Commercial on 0121 422 4011 (option 3, commercial). Scriven and Co. will accompany prospective tenants around the property by prior appointment.
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.
Scriven & Co
Tel: 0121 422 4011