Office for saleFormer Savoy Cinema, Lower High Street, Stourbridge, West Midlands, DY8
16,000 sq. ft. | £600,000
- 16,000 sq ft (1,486 sq m)
- Use class orders: A4 Drinking Establishments, B1 Business and B2 General Industrial
- High Street Location
- Three Storey Premises
- Close to the Crown Centre Development
- Car Parking
- Suitable for a Variety of Uses - STP
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.
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.
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.
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.
We understand that VAT is payable on the purchase price.
Energy Performance Certificate
Available upon request from the agent.
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.
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.
Each party are to be responsible for their own legal and surveyors fees incurred.
The property is immediately available following completion of legal formalities.
Strictly via appointment from the sole agent Siddall Jones on 0121 638 0500
More information from this agent
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