High Street, Rowley Regis

FOR SALE - An opportunity to acquire a freehold investment premises including a ground floor lock-up shop currently producing a rent of £9,600 per annum. The freehold interest also includes a further ground floor shop and first floor offices which are subject to long leases at peppercorn ground rents and therefore produce no rental income. EPC = No. 12 (73 - D), 12A (46 - B), 12B (68 - C).

12 HIGH STREET:

RETAIL SALES AREA: 3.42m (shop front) x 15.9m

PARTITIONED STORE: 1.9m x 1.92m

REAR LOBBY:
With access to rear.

KITCHEN: 2.19m x 2.21m

WASHROOM

12A HIGH STREET:

RETAIL SALES AREA: Frontage 3.78m (maximum width 5.45m) x 16m

REAR STORE: 5.36m x 3.13m plus 1.60m x 1.51m

KITCHEN: 1.81m x 1.48m

TWO WASHROOMS

ACCESS TO REAR YARD

12B HIGH STREET (OFFICE SUITE)

GROUND FLOOR

ENTRANCE LOBBY: 1.40m x 1.80m
With staircase and meter cupboard off.

FIRST FLOOR

LANDING

ROOM 1 (FRONT, RIGHT): 3.67m max. x 3.92m max.

ROOM 2 (FRONT, LEFT): 3.64m x 3.98m plus 2.64m x 0.95m

ROOM 3 (REAR, LEFT): 3.65m x 3.44m

ROOM 4 (REAR, RIGHT): 2.52m x 4.44m and 1.09m x 2.05m

KITCHEN: 2.19m x 3.91m

ADDITIONAL ROOM: 2.12m x 3.49m
(Former washroom)

USEABLE INTERNAL FLOOR AREA: 74.38 SQ.M.

OUTSIDE

REAR ACCESS:

The owner advises that there is vehicular access over and to the rear of the premises for deliveries but not for parking.

SERVICES AND APPLIANCES
Mains electricity, water and drainage are connected to each property. There is electric heating to number 12B. 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.

RATING ASSESSMENT
Rateable Value (from 1st April 2023):
12 High Street - £8,500
12A High Street - £11,250
12B High Street - £6,000
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.

LEASES
12 High Street - Held on a 21 year lease from the 1st April 2010. The current rent is £9,600 per annum. A rent review is due in 2026.
12A High Street - Held on a 999 year lease from the 23rd August 2022 (expiring on the 22nd August 3021) at a peppercorn ground rent.
12B High Street - 999 year lease from the 30th March 2020 (ending on the 29th March 3019) at a peppercorn ground rent.

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.

VAT
All figures quoted are exclusive of VAT where applicable.

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 ( 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.

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