821/829 Hagley Road West
Quinton
West Midlands
B32 1AD
High Street, Smethwick
Per Annum £20,000
Shop
TO LET - An opportunity to lease a ground floor lock-up shop with ancillary rooms in a prominent High Street trading position in Smethwick town centre. EPC = C (57)
ACCOMMODATION
RETAIL SALES AREA: 4.46m frontage (5.06m max.) x 9m
LOBBY/HALLWAY: 1.56m min. (1.8m max.) x 3.37m and 1.10m x 3.21m
ROOM 1 (LEFT): 3.09m x 3.69m
Range of fitted units and sink.
ROOM 2 (LEFT): 3.10m x 2.59m
ROOM 3 (RIGHT): 2.44m x 3.83m
With shower cubicle and sink.
ROOM 4 (LEFT): 2.59m x 2.21m
KITCHENETTE AREA: 2.89m x 2.13m
With fitted units and sink.
WASHROOM:
Incorporating w.c. and wash basin.
KITCHEN/REST ROOM: 5.32m x 2.33m
With range of kitchen fittings and sink.
Door to:
SHARED REAR LOADING AREA
RATING ASSESSMENT :
Rateable Value (from 1st April 2023): £9,700
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 period of three years.
The in-going tenant will be responsible for internal repairs, decoration including maintenance of the shop front, external doors and shutters. The in-going tenant will also be responsible for payment of building insurance and rates etc.
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.
RENT DEPOSIT:
A rent deposit equivalent to two months rent will be required and be held in a non-interest bearing account for the duration of the lease.
LEGAL COSTS:
The in-going tenant will be required to contribute 50% of the landlords legal fees.
VAT:
All figures quoted are exclusive of VAT.
SERVICES AND APPLIANCES:
Mains gas, electricity, water and drainage are connected. The property has gas fired radiator central heating.
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.
EXTRA SERVICES:
By law, the agent must tell the client if the agent or any connected person intends to earn any commission or any other fees from offering or referring other services to the client or buyer. If the agent or any connected person earns money from any of these services or referrals the agent or the connected person would keep this commission or fee. Part of the payment for these extra services will be paid to the agent as a result of the referral.
Scriven & Co offers the following services and has the following referral arrangements in place:
Scriven & Co routinely refers sellers (and buyers) to Infinity Financial Advice. It is the clients’ or buyers’ decision whether to choose to deal with Infinity Financial Advice. Should the client or a buyer decide to use Infinity Financial Advice the client or buyer should know that Scriven & Co receive a payment from Infinity Financial Advice equating on average to a figure in the order of £200 per referral.
Scriven & Co routinely refers sellers (and buyers) to certain firms of solicitors/conveyancers. It is the clients’ or buyers’ decision whether to choose to deal with any of the referral companies. Should the client or a buyer decide to use any of these companies the client or buyer should know that Scriven & Co receive a payment from these companies equating to a figure in the order of £100-£200 per referral. We are informed that the solicitors/conveyancers are happy to pay this referral fee to ourselves as it significantly reduces the marketing costs that they have to allocate to sourcing new business. The referral fee is NOT added to the conveyancing charges that would ordinarily be quoted.
The agent routinely refers sellers (and buyers) to Warren’s removals and storage. It is the clients’ or buyers’ decision whether to choose to deal with Warren’s removals and storage. Should the client or a buyer decide to use Warren’s removals and storage the client or a buyer should know that the agent receives a referral fee to the value of £50 from them for recommending a client or buyer to them.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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