SOLD
Location:
The property is located on the B4171 Dudley Road close to its junction with Blackberry Lane occupying a prominent corner position. The premises are located within a predominantly residential area close to Warrens Hall Nature Reserve. Rowley Regis is located within the Black Country and accesses the national motorway network from junction 2 of the M5. Rowley Regis train station is approximately 1.9 miles from the premises which provide transport links across Birmingham. Birmingham City Centre is located approximately 8 miles west from the subject premises.
Description:
The premises comprise of a two-storey detached building of brick-built construction surmounted by a pitched tiled roof. Internally, the property offers a ground floor trading area benefitting from a laminate and tiled floor covering, carpets, plastered and painted walls and ceiling with inset light points, gas mains and an extraction canopy, the property has separate bar areas, office, kitchen, WC and disabled WC facilities. The property has a self-contained flat on the first floor, which comprises of a lounge, kitchen, WC and three bedrooms. The property has a beer cellar with pumps. Externally, there is an open space to the rear and side of the property, which acts as a beer garden. There is a car park area to the front.
Accommodation
Energy Performance Certificate:
Details available upon request.
Services:
We are advised all main services are connected.
Planning:
Interested parties are advised to make their own enquiries to Sandwell Metropolitan Borough Council on 0121 368 1155.
Tenure / Price:
The freehold interest is available at a quoting price of £400,000, subject to contract.
The entire property is currently let on a 20-year lease with effect from 23rd October 2020 at a passing rent of £13,200 per annum exclusive. There is a rent review at the 3rd anniversary and a tenant only break option at the 5th anniversary.
Business Rates:
The property is currently listed within the 2017 rating listing as having a rateable value of £9,500. Rates payable will be in the region of £4,740 per annum respectively. Small business rate relief may apply.
Interested parties are advised to make their own enquiries to Sandwell Metropolitan Borough Council on 0121 368 1155.
VAT:
We understand that the property is elected for VAT.
Legal Costs:
Each party to be responsible for their own legal costs incurred during this transaction.
