Stourbridge Road, Halesowen, West Midlands

An opportunity to lease quality office accommodation close to Halesowen town centre with the benefit of on-site parking for two cars. EPC = 31 (B)

The accommodation also has a stepped approach from Stourbridge Road to the main entrance.

ACCOMMODATION:

MAIN OFFICE (OFFICE 1): 12.19m max x 6.84m max - Gross internal floor area 81.13m sq (873 sq ft)

Timber floor finish, suspended ceiling, roof lights, radiators.

A corridor provides access to the shared kitchen, inner hall, toilets and car park entrance hall.

LEASE TERMS:
A lease of six years will be granted with a break clause and a rent review at the end of the third year of the term.

LEGAL COSTS:
The in-going tenant will pay a contribution of half of the cost in preparing the lease.

REPAIRS
The tenant will be responsible for internal repairs and decoration, the payment of rates and the reimbursement of insurance and redecoration in the last year of the term (excluding communal area).

CAR PARKING:
Two car parking spaces will be provided.

SERVICES:
Mains gas, water and electricity are available within the building. A gas boiler heats the water filled panel radiators. A gas fired boiler provides heating to office one.
The Agent has not tested any apparatus, equipment, fixtures, fittings or services and so does not verify they are in working order, fit for their purpose, or within ownership of the sellers, therefore the buyer must assume the information given is incorrect.

SERVICE CHARGE:
The toilets, kitchen, inner hall and car park entrance hall are shared with the tenants of office suite two. The landlord will arrange for the maintenance, heating, cleaning and redecoration of these areas. This will also include the cost of the maintenance of the fire alarm system and intruder alarm and door entry system.

The service charge will be recovered from the tenant in addition to the rent paid to recover the provision and cost of all services undertaken by the landlord in the management of the common areas.

The service charge for the first three years will amount to £1500 per annum. This is based on the assumption that the costs or charges are divided equally between the tenants of office suite 1 and office suite 2.

RATING ASSESSMENT:
Rateable Value (2023 List): The former office accommodation is now being divided to form two separate suits. The Rating Assessment has not as yet been assessed.
Where provided the Agent has made a verbal enquiry with the Local Authority and this information should be verified by interested parties making their own enquires.

VAT:
We are advised that the property has been registered for VAT and therefore VAT will be payable on the rent.

VIEWING:
Through Agents Scriven & Co. Commercial on .

IMPORTANT NOTE:
If you are considering entering into a lease for commercial premises, before proceeding we would draw to your attention the existence of the Code for Leasing Business Premises First Edition February 2020 (

This document and its supplemental guide sets out the basis on which negotiations of the lease terms should be undertaken.

It is recommended that you obtain your own professional advice with regard to the Code and the proposed lease terms before proceeding.

ANTI-MONEY LAUNDERING REGULATIONS:
In order to comply with Anti-Money Laundering Regulations, all prospective purchasers are required to provide the following:

1. Satisfactory photographic identification.
2. Proof of address/residency.
3. Verification of the source of purchase funds including bank statements for deposits in order to purchase and copy of mortgage agreement in principle from the appropriate lender.

In the absence of being able to provide appropriate physical copies of the above, Scriven & Co reserves the right to obtain electronic verification of identity.

Satisfactory bank and trade references will also be required.

EXTRA SERVICES:
By law, the agent must tell the client if the agent or any connected person intends to earn any commission or any other fees from offering or referring other services to the client or buyer. If the agent or any connected person earns money from any of these services or referrals the agent or the connected person would keep this commission or fee. Part of the payment for these extra services will be paid to the agent as a result of the referral.

Scriven & Co offers the following services and has the following referral arrangements in place:

Scriven & Co routinely refers sellers (and buyers) to Infinity Financial Advice. It is the clients’ or buyers’ decision whether to choose to deal with Infinity Financial Advice. Should the client or a buyer decide to use Infinity Financial Advice the client or buyer should know that Scriven & Co receive a payment from Infinity Financial Advice equating on average to a figure in the order of £200 per referral.

Scriven & Co routinely refers sellers (and buyers) to certain firms of solicitors/conveyancers. It is the clients’ or buyers’ decision whether to choose to deal with any of the referral companies. Should the client or a buyer decide to use any of these companies the client or buyer should know that Scriven & Co receive a payment from these companies equating to a figure in the order of £100-£200 per referral. We are informed that the solicitors/conveyancers are happy to pay this referral fee to ourselves as it significantly reduces the marketing costs that they have to allocate to sourcing new business. The referral fee is NOT added to the conveyancing charges that would ordinarily be quoted.

The agent routinely refers sellers (and buyers) to a Removals and Storage Company. It is the clients’ or buyers’ decision whether to choose to deal with the Removals and Storage Company. Should the client or a buyer decide to use the Removals and Storage Company the client or a buyer should know that the agent receives a referral fee to the value of £70 plus VAT from them for recommending a client or buyer to them.

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