Commercial Property for sale

164, Lower High Street, Stourbridge

£295,000

Property Description

Key features

  • INVESTMENT/REFURB OPPORTUNITY
  • FREEHOLD
  • POTENTIAL CONVERSION (STPP)
  • PRIME LOCATION
  • CLOSE TO CAR PARKING & PUBLIC TRANSPORT
  • REAR ACCESS & CAR PARKING

Full description

Retail/Food/Residential - Investment / Refurbishment

FOR SALE.

LOCATION
The property is located on Lower High Street in the heart of Stourbridge Town Centre and immediately accessible to the town centre and all its facilities. Within a few minutes walk from the Stourbridge Bus & Railway Stations.

DESCRIPTION
The property comprises a substantial extended three storey corner property with rear access and land for car parking. Located within the Conservation Area immediately opposite King Edward VI College and close to the new Crown Centre.

The property has a substantial retail area with shop front to Lower High Street (Class A1 Retail) and to the rear a good sized storage area with roller shutter access and a separate chiller room. The first and second floors comprise a number of individual rooms and facilities capable of conversion to an alternative use (subject to planning permissions)

The building is predominantly of traditional brick construction with part tiled pitched roof part flat. The property will require a degree of refurbishment and renovation.

INVESTMENT OPPORTUNITIES
Retail or restaurant / food uses to the ground and upper floors
Residential conversion and extension of the rear and upper parts
Total Residential Conversion
Retail with Offices above
Other alternative uses

ACCOMMODATION
Floor Description sq ft sq m
Ground Retail Zone A 393 36.5
Ground Retail Zone B 346 32.1
Ground Retail Zone C 133 12.4
Ground Office 80 7.4
Ground Storage Area 393 36.5
Ground Storage 118 11
First Storage 801 74.41
Second Storage 447 41.53
TOTAL 2711 252

External Car Parking Spaces 6

SERVICES
All mains services are available - gas is piped into the building but not connected.

TENURE
We understand the property is freehold.

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

PROPERTY BOUNDARY
This is shown edged red on the attached plan (not to scale and only approximate) A right of way across the rear roadway is in favour of the adjoining property.

PLANNING
Prospective Purchasers are advised to satisfy themselves regarding current or intended uses of the property with the Local planning Authority - Dudley Metropolitan Borough Council.
We understand the property is not statutorily listed but is a locally listed building (Reference SMR 7493) and within the High Street Stourbridge Conservation Area - Purchasers are recommended to undertake their own investigation as to the Listing Status.

BUSINESS RATES
The properties are subject to Business Rates. The current rateable values (2017) are £7,300.
Any prospective purchaser should confirm rates liability with the Local Authority.

VIEWING
Full inspection viewings must be arranged with the Agents.

GENERAL TERMS
VAT
VAT is not payable on the purchase price.
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 tenant / 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.

Property ref: 121_1560_4652095


More information from this agent

Nearest stations

  • Stourbridge Town (0.4 mi)
  • Stourbridge Junction (1.0 mi)
  • Lye (1.4 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.

Map & Street View

Nearest stations

  • Stourbridge Town (0.4 mi)
  • Stourbridge Junction (1.0 mi)
  • Lye (1.4 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 4652095. 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.

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