High Street, Lye

For sale freehold. Retail workshop and office space arranged over 3 floors including basement, ground and first floor together with access to loft space. Established high street location. Fitted one-ton goods lift to all 3 floors. At the rear, external access at lower level.

The property is alarmed and has 3 phase electricity.

The gross internal floor area extends to in excess of 3,000sqft.

Potential to convert part to residential subject to the usual local authority planning and building regulation consents.

Location
The property is located within an established High Street position with a number of varying traders within Lye, close to Lye railway station and just off the A4036 which links to the Merry Hill shopping centre and Dudley beyond. It is a densely populated area forming part of the West Midlands conurbation. The building occupies a prominent corner position at the junction of High Street, the A458 linking Stourbridge to Halesowen and Jackson Street with public car parking to the rear off Lye bypass.

Description
The property comprises an end of terrace shop unit which has been greatly extended to the rear with basement at lower level. It was previously used as a Juke box shop with offices and workshops as well as storage.
The accommodation briefly comprises:
Ground floor currently retail space with staircase to upper floor and further secondary staircase at the rear together with lift.
Gross internal area 1,055sqft (98sqm.)
First floor laid out as offices and store together with WC.
There are are 2 staircases giving access plus the lift.
Gross internal floor area 1,056 sq. ft. (98sqm.)
Basement used as a storage and workshop with small kitchen and wc and access to lift plus staircase and door giving access to outside.
Approximate gross internal floor area 1,054 sqft (98sqm)
Total gross internal area 3,165sqft (294sqm) approximately.

Price Guide:
The property is available to purchase freehold, price guide £195,000

Rateable value
Information obtained online by the valuation office shows the rateable value to be £9,000 in the current list of the 1st April 2023. Business rates are payable on this amount but may be subject to small business rate relief. This can be checked with Dudley MBC business rates.

Tenure
We have been verbally advised that the property is freehold.
EPC rating- G valid until 20th February 2025
If the property is to be let it is likely that the energy performance would need to be improved to comply with the current MEES regulations.

In accordance with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, we are legally required to carry out anti-money laundering (AML) checks on all individuals purchasing a property. In line with HMRC guidelines, our trusted partner, Coadjute, will securely manage these checks to include PEP and Sanctions checks, biometric ID verification and verification of the source of purchase funds, on our behalf. Once an offer is agreed, Coadjute will send a secure link for you to complete the biometric checks electronically. A non-refundable fee of £45 plus VAT will be charged (per individually named purchaser, including parties gifting deposits) for each AML check conducted, and Coadjute will handle the payment for this service. These (AML) checks must be completed before the property is marked as subject to contract and prior to issuing the memorandum of sale to the solicitors, to confirm the sale. Please contact the office if you have any questions in relation to this.