The office is situated in Pound Court which is a converted period court yard development within Weights Lane Business Park. The Office has been converted to a high standard with modern office specifications but keeping some period features such as the stripped beams. The accommodation is set out as follows: From the entrance door from the court yard is the main ground floor office 7.32 m by 4.34 m (less stairs) with understairs cupboard, to the left hand side is a further smaller rear office or meeting room 4.43 m by 4.11 m (less part of stairs). There is a staircase that leads to the first floor office with a main open plan room 8.70 m by 4.55 m (less stair bulkhead) with five velux roof lights giving lots of natural light. From this main office is a hallway and off this are three toilets, a store room and a kitchen. There is also a useful store cupboard at the top of the stairs in the main office.
Location
Weights Lane is located off the A441 on the outskirts of Redditch approximately 3 miles from junction 2 of the M42 motorway.
Accommodation
Net Internal Area (NIA) is 938 sq ft (87.14 sq m).
Terms
Price: £10,950 per annum.
Tenure: New lease available.
Service Charge: £300 per annum payable.
Rateable Value: Yet to be rated. Source: www.voa.gov.uk.
Rates Payable: The rates payable are calculated as a multiplier of the rateable value. If the rateable value is £12,000 or less, small businesses may be entitled to 100% rates relief providing the property is their only business premises. Any interested applicants should contact the local authority and verify the multiplier and check if any rates relief is available for their business.
Insurance: Standard commercial terms are that the landlord insures the building and the tenant pays the landlord the cost of the buildings insurance annually.. The tenant will be responsible for insuring their own stock, content and liabilities.
Legal Costs & Holding Deposit: Each party pays their own legal costs. The landlord may request a holding deposit of £1000 once terms are agreed this will be deducted off the first payment of rent.
Deposit: The landlord may ask the tenant to provide a deposit, this is typically the equivalent of three months worth of rent but could change and is subject of the tenant’s financial status.
VAT: Value Added Tax at the prevailing rate is applicable on all costs shown in these particulars apart from business rates.
EPC: The Energy Performance Rating of the property = D. A full copy of this report is available from the agent’s office upon request
Specification
- Court Yard Location
- 3 miles to M42
- Split Level Office
- 938 sq ft (87.26 sq m)
- £10,950 per annum + VAT