Retail Property (high street)
High Street, Quarry Bank, Brierley Hill, West Midlands, DY5
Annual Rent of £6,000
Retail Property (high street) for rent: High Street, Quarry Bank, Brierley Hill, West Midlands, DY5
Annual Rent of £6,000
Tuesday 16 August 2022
An opportunity to lease a ground floor lock-up shop occupying a prominent trading position fronting High Street, Quarry Bank. EPC = D (79)
RETAIL SHOP AREA: Frontage: 3.60m x 14.89m
REAR OF SHOP: 3.60m x 6.55m with wash hand basin. Partitioned to form:
WASHROOM with w.c. and wash hand basin.
Rear door with internal roller shutter providing access to rear yard.
Gross Internal Floor Area: 77.18 sq.m. (830 sq.ft.) or thereabouts.
OUTSIDE Doorway access to rear yard.
Initial Rent: £6,000 (six thousand pounds) in year 1.
Year 2: £6,500 (six thousand five hundred pounds).
Year 3: £7,000 (seven thousand pounds).
A new lease will be granted for a period of 3 years. The Agent has not checked the legal documents to verify the leasehold status of the property. The lessee is advised to obtain verification from their Solicitor or Surveyor.
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 will be 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.
Rateable Value (2017 List): £5000
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.
All figures quoted are exclusive of VAT where applicable.
Strictly by prior appointment via Agent's who will accompany prospective tenants around the property.
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.
The current tenancy will end on 21st August 2022.
(Details Revised: 12th August 2022)
Shipmans Independent Property Services
Tel: 01603 765858