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Stourvale Road, Lye, Stourbridge, West Midlands, DY9 8QF.

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Purchase Price:1,950,000
Type:Industrial / Warehouse
Size:44,486 sq. ft / 4,133 sq. mtrs
Tenure:For Sale
Description:

The property comprises a range of good height modern steel portal framed warehouse bays, adjoining offices and an income producing warehouse.

Contact:Matthew Pearcey - 07764 269803

Detailed Information

Location

The property is located on Stourvale Road, Lye.  The Motorway Network is accessible via Junction 3 of the M5 at Quinton which is within 4 miles.

Description

The principal building comprises a range of open sided warehouse bays of steel portal framed construction with brick/blockwork and insulated metal profiled sheeted walls surmounted by a number of pitched insulated profiled sheeted roofs incorporating filon lighting panels.  Height to the underside of the haunch - 5.2 metres (17'1'') approx.  Height to apex -  6.21 metres (20'4'') approx.  Access is via two roller shutter doors. 

The original single storey offices include metal framed double glazed windows and form part of adjoining two storey offices inset within the warehouse accommodation.  The offices comprise a range of private and open plan rooms with air conditioning to part. 

Car parking is available to the front of the building and to the communal yard/car park.

The investment property (as edged blue on the plan attached) is of steel framed construction surmounted by a pitched, metal profiled sheeted roof incororating filon roof lights.  Access is via two roller shutter doors. 

Accommodation (Gross Internal Area)

Warehouse bays   - 35,130 sq.ft. (3,264.87 sq.m.)

Ground floor offices - 1,958 sq.ft. (181.94 sq.m.)

First floor offices       - 1,155 sq.ft. (107.32 sq.m.)

Investment property - 6,233 sq.ft. (579.28 sq.m.)

Total                     - 44,476 sq.ft. (4,133.41 sq.m.) approx.

Site Area

1.55 acres (0.63 hectares) approx.

An O.S. extract is downloadable from Sellers website which details the assumed site boundaries edged red and the investment property edged blue.

Services

All mains services are connected.

A number of overhead mounted gas fired radiant heaters are located to the warehouse bays.  The ground floor offices benefit from a gas fired boiler feeding panel radiators.  

Note: The Vendors/Agents have not tested the services.

Fixtures and Fittings

All usual tenants fixtures and fittings and those not mentioned in these particulars are expressly excluded from the sale.

Rating Assessments

Warehouse and Premises - £120,000.
Warehouse and Premises - £17,250.

U.B.R. 46.6p in the £ (2017/18).

Price Guide

£1,950,000.

The property as edged blue on the plan attached is let to Pure Glow Limited by way of a lease expiring on 30th November 2018.  The lease is held on a full repairing basis subject to a Schedule of Condition.  The lease is excluded from the Security of Tenure provisions of the 1954 Landlord & Tenant Act.  The rent passing is £21,000 per annum exclusive. 

V.A.T.

V.A.T may be levied on the purchase price.

Energy Performance Certificate

EPC rating - C66.

Viewing

Strictly by appointment with the Sole Agents.

Sellers Chartered Surveyors - (01384) 456789.
Matthew Pearcey - 07764 269803
matthewpearcey@sellers-surveyors.co.uk

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Copyright © Sellers Commercial Limited 2014

MISREPRESENTATION ACT 1967: Sellers for itself and for the vendors or lessors of this property whose agents they are give notice that the particulars are a general outline only for the guidance of indending purchasers or lessees, and do not constitute an offer of contract. All descriptions and any other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. No employee of Sellers has any authority to make or give any representation or warranty whatever in relation to this property