Commercial Property

The property comprises a twin bay detached industrial/warehouse unit with single storey offices.

The unit is constructed with full height brick elevations beneath metal cladding, beneath a mono pitched roof.

The unit is of steel truss construction, incorporating intermittent translucent roof lights.

The unit benefits from a concrete floor and is heated by a gas warm air blower (not tested). In addition, the warehouse has a timber board mezzanine storage area.

The single storey office accommodation includes a canteen/staff room and gents and ladies wc’s accessed from the warehouse.

There is also a further reception area with wc’s and two cellular offices.

The offices have gas central heating.
Vehicular access is via two roller shutter doors from the loading/unloading area, which measure approximately 13’5” (4.1m) wide x 9’4” (2.8m) high and 13’6” (4.1m) wide x 9’7” (2.9m) high. The minimum eaves height is approximately 10’4” (3.1m) in bay 1 and 10’8” (3.3m) in bay 2.

Electrically operated roller shutters are fitted to all of the windows.

The premises are located on Griffin Industrial Estate, Penncricket Lane, Rowley Regis.

Penncricket Lane gives access to the A4034 Oldbury Road/Birchfield Lane, leading to Junction 2 of the M5 Motorway.

From the Motorway island the A4123 Wolverhampton Road/Birmingham New Road gives access to Wolverhampton and the A4123 Wolverhampton Road gives access to Birmingham.

Junction 2 of the M5 provides access to the Black Country and national Motorway network.

Gross internal area approximately:-
Sq ft Sq m
Unit 1 13,166 1,223
OUTSIDE
The site comprises a communal access with tarmacadam car parking with loading and unloading areas.

SERVICES

We understand that water, drainage, gas and 3 phase
electricity are connected or available.
Interested parties are advised to check this position with their advisors/contractors.

RENTAL
£38,500 per annum exclusive.

LEASE TERMS
The unit is available by way of a new full repairing and insuring lease on terms to be agreed.

PURCHASE PRICE
The unit is available based on the following purchase price:-
£425,000 subject to contract

PLANNING
Interested parties are advised to make their own enquiries with Sandwell Metropolitan Borough Council on 0845 358 2200.

TENURE
We are verbally advised that the unit is available freehold with vacant possession upon completion of legal formalities.

VAT
All figures quoted do not include VAT which may be payable at the prevailing rate.

RATES
We are verbally advised by Sandwell Metropolitan Borough Council that the current assessment is as follows:-

Rateable Value: £27,750.00

Rates Payable: £13,458.75 (2009/10)

However, interested parties should enquire to the Local Authority to confirm their specific liability on 0845 351 0017.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in any transaction.

For more information about this property please select one of the following documents to download