Bleakhouse Road, OldburyAnnual Rental Of £4,680
Let STCCottons Chartered Surveyors - 0121 247 474700003954
- Modern shop front with roller shutter protection
- Small, economical shop unit located in busy neighborhood parade with good mix of retailers and service providers
- Versatile Class E Use
- Not elected for VAT
- EPC Rating
- Net internal area 20.6sq m (222sq ft)
To let a small, economical shop forming part of a well-established busy neighborhood parade with a good level of occupancy and a diverse range of retailers and service providers.
The flat above the shop is separately let and is not included.
Permitted Fees and Charges.
Holding Deposit: One week´s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person including any guarantor(s) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement and/or Deed of Guarantee within 15 calendar days or other Deadline for Agreement as mutually agreed in writing.
Security Deposit (per tenancy. Rent under £50,000 per year): Five weeks´ rent. This covers damages or defaults on the part of the tenant during the tenancy.
Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour inc. VAT for the time taken replacing lost key(s) or other security device(s).
Variation of Contract £50 inc. VAT per agreed variation. (To cover the costs associated with taking landlord´s instructions as well as the preparation and execution of new legal documents)
Change of Sharer £50 inc. VAT per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord´s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination: Should the tenant wish to leave their contract early, they shall be liable to the landlord´s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Client Money Protection (CMP): RICS
Redress scheme: The Property Ombudsman
- Location
The property is located in an established residential area, approximately 4 miles west of Birmingham City Centre. The shop forms part of a well- established neighborhood parade with a diverse range of retailers and service providers including a beautician, fish bar, butchers, sandwich shop, hairdressers, café and blind shop. There is a one-stop convenience store located close by the subject premises.
- Decription
The property comprises a ground floor lock-up shop forming part of a 2-storey building of brickwork construction, with a pitched tiled roof.
- Accommodation
The premises comprise a ground floor shop offering the following accommodation:
Sales Area 14.9sq m (160sq ft).
Store 5.8sq m (62sq ft).
Kitchen/Toilet with mid-flush WC and stainless-steel sink and drainer.
Total net internal area 20.6sq m (222sq ft).
- Rateable Value
Rating Assessment
We have made enquiries of the Valuation Office Agency and understand that the premises currently have a Ratable Value of £2,500.
Interested parties are advised to establish their individual liability for business rates, by reference to the charging authority. By virtue of the low Ratable Value, qualifying occupiers should benefit from Small Business Rates Relief.
- Lease
The premises are offered To Let by way of a new Effective Tenant's Full Repairing and Insuring Lease for a term of 3-years from completion.
- Rent
£4,680 per annum, exclusive, payable quarterly in advance.
- Energy Performance Certificate (EPC)
Please see the Energy Performance Certificate attached to these particulars.
EPC Rating
- Legal Costs
Each party to bear their own Legal Costs incurred in connection with the preparation and completion of the new lease.
- Viewing
Strictly by appointment with the Sole Letting Agents, Cottons Chartered Surveyors, Telephone 0121 247 2030, Stephen Sutton ssutton@cottons.co.uk, Amanda Starkey astarkey@cottons.co.uk.