The property comprises a single bay steel portal frame warehouse building with part brick elevations with insulated profile cladding above. The unit has a profile clad roof and mezzanine level over the entire ground floor which homes a mangers office & w/c block.
Location
The property is located on Albion Business Park on Spring Road, Smethwick, which leads directly to the A4031 Spoon Lane South, which provides access to Junction 1 of the M5 motorway via Trinity Way and the A41.
Accommodation
Warehouse (GIA) - 1,071 sq ft
Terms
For Sale - Offers in excess of £XXX
Tenure - Freehold.
Rating Assessment - Rateable Value: £XXX U.B.R.: XXX in the £XXX (2022/2023).
The property may qualify for small business rates relief.
Eligible small business will pay no business rates where they occupy premises having a rateable value of less than £XXX Details obtained online at www.gov.uk . This information should be verified by the new occupier together with their eligibility for transitional arrangements and small business rates relief scheme.
VAT - The property is not registered for VAT purposes.
Tenancy - Upon completion of the sale a new lease will be granted to Jacksons Catering Co. Limited on a 10 year lease with a 5 year tenant break option and upward only rent review. The lease will be granted on FRI terms at an annual rent of £XXX per annum excl. A 6 month rent deposit will also be paid by the tenant.
Energy Performance Certificate - Please contact the agent for further details.
Legal Costs - Each party shall be responsible for their own legal costs incurred in the letting.
Specification
- Rare Freehold Investment / Sale & Leaseback opportunity
- Prominent location in the heart of the Black Country
- Freehold