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Office for sale

Former Savoy Cinema, Lower High Street, Stourbridge, West Midlands, DY8

16,000 sq. ft. | £600,000

Property Description

Commercial information

  • 16,000 sq ft (1,486 sq m)
  • Use class orders: A4 Drinking Establishments, B1 Business and B2 General Industrial

Key features

  • High Street Location
  • Three Storey Premises
  • Close to the Crown Centre Development
  • Car Parking
  • Suitable for a Variety of Uses - STP

Full description

Tenure: Leasehold

Location

The property is located on Lower High Street, Stourbridge off the ring road and within a mixed residential and commercial location. The new Crown Shopping Centre with Tesco Extra is close by providing a large public car park along with further car parking in Lower High Street and off Crown Lane. Public transport is excellent with regular bus services and the bus and rail station being within close proximity.

Description

The property comprises a substantial premises that was formally used as a cinema before being converted into a three story premises and more recently used as a supermarket, nightclub and gym.

Accommodation

TOTAL - 16, 000 SQ FT (1, 486.43 SQ M) approximately

Rental / Terms

The property is available on a new lease with length to be agreed at 64, 000 per annum exclusive, representing a low rental value of only 4 per square foot.

Sale Price

Alternatively consideration will be given to the sale of the property with offers in the region of 600, 000 sought for the freehold interest, subject to contract.

VAT

We understand that VAT is payable on the purchase price.

Energy Performance Certificate

Available upon request from the agent.

Planning

The property has recently been used as a nightclub and gym. The property may be suitable for alternative uses and interested parties are advised to speak to Dudley Metropolitan Borough Councils Planning Department.

Services

It is understood that all mains services are available on or adjacent to the premises. The agents have not tested the services and prospective tenants are advised to make their own enquiries regarding the adequacy and condition of these installations.

Legal Fees

Each party are to be responsible for their own legal and surveyors fees incurred.

Availability

The property is immediately available following completion of legal formalities.

Viewings

Strictly via appointment from the sole agent Siddall Jones on 0121 638 0500

More information from this agent

Map & Street View

Disclaimer - Property reference Savoy. 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 Siddall Jones Ltd, Birmingham. 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.

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