High Street, Quarry Bank, Brierley Hill

An opportunity to lease a ground floor lock-up shop occupying a prominent trading position fronting High Street, Quarry Bank. EPC = C (74)

ACCOMMODATION:

RETAIL SALES AREA: 3.49m max. x 16.10m = 56 sq.m.

REAR ROOM: 3.45m max. (3.25m min.) x 5.77m = 19.33m sq.m. overall
Incorporating a range of kitchen units, stainless steel sink unit and washroom.

Doorway to:

SHARED REAR YARD.

There is rear vehicular access for loading and unloading purposes.

Parking may be available on a first come first serve basis.

LEASE:
A new lease will be granted for a minimum 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.

RATING ASSESSMENT: Rateable Value (from 1st April 2023): £5,600.
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:
A new lease will be granted for a minimum of 3 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 to be responsible for their own legal costs.

RENT DEPOSIT:
A rent deposit of £1,250.00 will be required from the ingoing tenant at the time of the completion of the lease. The rent deposit will be held in a non-interest bearing bank account for the duration of the lease.

REPAIRING LIABILITY:
Internal repairing and decorating to include shop fronts, doors and shutters. The landlord will arrange insurance for the property and the tenant will reimburse the cost of the premium on a pro-rata basis on demand.

VAT:
All figures quoted are exclusive of VAT where applicable.

SERVICES AND APPLIANCES:
Mains electricity, water and drainage are connected. 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.

Please note that the landlord initially pays water rates in respect of 22a, 22b and 22c High Street, Quarry Bank and is then reimbursed by the individual tenants on a pro rata basis.

Refuse disposal on the site is also arranged by the landlord and each of the tenants are charged for the costs on a pro rata basis.

VIEWING:
Strictly by prior appointment via Agents.

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.