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TENANT INFORMATION

The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments:

A refundable holding deposit (up to 1 week's rent)

A refundable tenancy deposit (up to 5 weeks' rent (or 6 weeks' rent if the annual rent is £50,000 or more))

A payment to alter the tenancy agreement, when requested by the tenant (up to £50 inc VAT, or reasonable costs incurred if higher)

Payments associated with early termination of the tenancy when requested by the tenant

Interest, at a rate of up to 3% above the Bank of England's base rate, for late payment of rent (which is more than 14 days overdue)

A default fee for the replacement of a lost key or security device

Payments to service providers in respect of utilities, communication services, TV licence and council tax

Other payments, permitted under appropriate legislation, including damages.

A letting or property management agent in England must also be a member of a property redress scheme and a member of a client money protection scheme. For further information, or a copy of their membership certificates, please contact the agent directly.
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Description:
BUILDING (FREEHOLD) NOT FOR SALE. This is a fantastic opportunity to purchase this cosmetic vehicle body repair business and its associated fixtures and fittings. The sale of the business will only include the fixtures and fittings. Property will be available by way of assignment of the existing lease - lease expires in 2024 with rent set at £10,000 per annum. An inventory for fixtures and fittings will be readily available upon request from the agents.
Vehicle workshop and reception area totalling 1,937 sq ft
This unit and business is located on Balds Lane in Lye, a short distance away from the A458, the main route between Stourbridge and Halesowen which provides good connection to the motorway network via the M5.
Leasehold
Rateable Value - £5,500 It is understood that this premises will benefit from 100% small business rate relief. However this should be clarified with the relevant local authority.
The premises will be available by way of assignment of the current lease. We are instructed to sell this business and fixtures and fittings based on offers of £25,000.
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Date Listing Posted: 10/03/2021
Updated: 14/04/2021
Days on : 34

0 Bedroom For Sale

Unit 4 Balds Lane, Lye, Stourbridge

£25,000 OIRO

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Hexagon Commercial Property, The Auction House, 87-88 St Johns Road, Stourbridge
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Nearby Stations
Stourbridge Junction Station - 0.79 miles Hagley Station - 1.44 miles Stourbridge Town Station - 1.45 miles Lye Station - 1.54 miles
Nearby Schools
Pedmore CE Primary School - 0.39 miles Ham Dingle Primary Academy - 0.42 miles Hob Green Primary School - 0.47 miles The Pedmore High School - 0.82 miles
Estimated running costs:
Mortgage £90
Energy £130
Water £0
Broadband £30
Home insurance £13
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Property Listing Disclaimer - [1877998]. The information displayed about this property comprises a property advertisement. PropertyHeads.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information and PropertyHeads.com has no control over the content. This property advertisement does not constitute property particulars. The information is maintained by Hexagon Commercial Property, with the exception of the floor area and price per square metre which are obtained from the EPC, and the Owner Review which is verified by Hexagon Commercial Property only. Please contact the selling agent 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. PropertyHeads.com makes no warranty as to the accuracy or completeness of the EPC used to provide the floor area or the price per square metre. The information in the Owner Review is the opinion of the author only, it is not supplied by the agent and therefore may not covered by the Consumer Protection from Unfair Trading Regulations 2008.

Contains HM Land Registry data © Crown copyright and database right 2019. This data is licensed under the Open Government Licence v3.0.
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