Commercial Property for sale

The Old Library, Hagley Road, Stourbridge

Sold STC POA

Property Description

Key features

  • EXCEPTIONAL BUILDING
  • WITH RESIDENTIAL PLANNING CONSENT TO CONVERT INTO 23 APARTMENTS & OFFICES
  • UNIQUE LIGHT AND AIRY SPACE
  • FLEXIBLE UNITS
  • PRIME LOCATION ON RING ROAD
  • PRIVATE CAR PARKING
  • CAPABLE OF ALTERNATIVE USES

Full description

Tenure: Freehold

OFFICES - LEISURE - RESIDENTIAL OPPORTUNITY - AN INCREDIBLE OPPORTUNITY TO ACQUIRE A SUPERB GRADE II LISTED CHARACTER PROPERTY IN THE HEART OF STOURBRIDGE. WITH RESIDENTIAL PLANNING CONSENT GRANTED.

LOCATION The Old Library is an imposing Grade ll listed building located at the junction of the main Hagley Road with the Stourbridge Ring Road - one minutes walk from the new Stourbridge Transport Hub including Bus Station and Stourbridge Junction Railway Station with direct access to Birmingham Snow Hill and the wider national rail network.

DESCRIPTION This exceptional building provides light airy accommodation partially refurbished to a very high standard with space capable of a number of uses to include; Offices - Residential - Retail - Leisure - Restaurant - Gallery - Storage.

The building is already home to award winning Architects Corstorphine & Wright and others. Some space is un refurbished.

ACCOMMODATION

Lower Ground Floor 6542 sq ft 607.7 sq m
Ground Floor 6897 sq ft 640.7 sq m
First Floor 6447 sq ft 598.9 sq m
Second Floor 6378 sq ft 592.5 sq m
Total 26246 sq ft 2439.9 sq m

Note these are gross internal areas and must be treated as approximate

SALE TERMS The property will be sold freehold either with full vacant possession or subject to a new lease of the ground floor offices to national architects Corstorphine & Wright for a term of 15 years subject to bi-lateral break clauses at the end of each 5th year. The commencing rental will be at open market value at the time of sale.

Offers are sought on either basis of £1,500,000 exclusive - subject to contract only Offers must be made in writing and include the following:

1 Name of Purchaser
2 Details and proof of funding
3 All Contract and Planning conditions
4 Proposed timescale for exchange and completion
5 Details of proposed development including uses
6 Offer on a gross basis - VAT will be payable on the purchase

SERVICES All mains services are connected.

LEGAL COSTS Each party to pay all own costs in respect of this transaction.

PLANNING Planning Consent has been granted for the conversion of part of the ground floor, lower ground floor, first floor and second floor into 23 apartments with offices to the ground floor.

Further details can be obtained from the local planning office - application no P14/1824

Prospective Purchasers are advised to satisfy themselves regarding intended uses of the property with the Local Planning Authority.Further assistance can be obtained from:

Dudley Metropolitan Borough Council
Council House, Priory Road, Dudley, DY1 1HF
0300 555 2345 or www.dudley.gov.uk

BUSINESS RATES The property is subject to Business Rates. Any prospective purchaser should confirm rates liability with the Local Authority.

VIEWING All inspections must be arranged with the Agents.

VAT
VAT maybe levied on the purchase price / rentals or other outgoings.

Services
The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify they are in working order or fit for their purpose. The tenant is advised to obtain verification from their solicitor or surveyor.

References
The successful purchaser will need to provide either a satisfactory bank reference and / or two trade references for approval.

Money Laundering
The successful tenant will be required to submit proof of identity, in accordance with money laundering regulations.

Fixtures & Fittings
Any fixtures and fittings not expressly mentioned within these particulars are excluded from the transaction.

Areas & Dimensions
All areas and dimensions are deemed to be approximate only.

© Walton and Hipkiss

Property ref: 121_1560_3575468

More information from this agent

Nearest stations

  • Stourbridge Town (0.1 mi)
  • Stourbridge Junction (0.6 mi)
  • Lye (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Walton & Hipkiss, Stourbridge - Commercial

Hagley Road, Stourbridge, DY8 1QH

01384 737039 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Walton & Hipkiss, Stourbridge - Commercial

Hagley Road, Stourbridge, DY8 1QH

01384 737039 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stourbridge Town (0.1 mi)
  • Stourbridge Junction (0.6 mi)
  • Lye (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Walton & Hipkiss, Stourbridge - Commercial

Hagley Road, Stourbridge, DY8 1QH

01384 737039 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 3575468. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Walton & Hipkiss, Stourbridge - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.