The property is situated in a prominent location fronting Unity Place in Oldbury. The property is surrounded by a mixture of retail & residential and is located approximately 5 miles West from Birmingham City Centre. Junction 2 of the M5 Motorway is located approximately 1.2 miles from the subject premises. Sandwell & Dudley train stop is approximately 0.5 miles from the premises.
The property is a two-storey building with brick elevations surmounted by a pitched slate roof. The retail unit is self-contained and located on the ground floor. Internally the property benefits from a glazed shop front, tiled flooring, plaster & painted walls, extraction canopy, cold room, suspended ceiling incorporating spot lights and WC facilities. Parking is also available at the front of the premises.
Energy Performance Certificate:
Details available upon request.
We are advised all main services are connected.
Tenure / Price:
The property is let on a 15 year FRI lease with effect from 13th November 2018 at a passing rent of £7,200 per annum exclusive.
A premium of £15,000 is sought in respect of the fixtures and fittings. Stock as value. Further details are available upon request.
Business Rates:The property is currently listed within the 2015 rating listing as have a rateable value of £4,350. Rates payable will be in the region of £2,083.65 per annum. Interested parties are advised to make their own enquiries to Sandwell Metropolitan Borough Council on 0121 368 1100.
We understand that the property is not elected for VAT.
Each party to be responsible for their own legal costs incurred during this transaction.