Property Overview

Rent:	£90,000 per annum exclusive - Year 1
Type:	Industrial / Warehouse
Tenure:	To Let
Description:	Two bay warehouse within say 2 miles of J1 M5.
Contact:	Matthew Pearcey - 07764 269803

Detailed Information

Location

The units are located on the corner of Booth Street (B4136) at the junction with Downing Street on the outskirts of Middlemore Industrial Estate.  The property lies 3.4 miles to the North-/West of Birmingham City Centre.  The property is situated approx. 2 miles from Junction 1 of the M5 Motorway which provides access to the wider National Motorway Network.

The surrounding areas on either side of Booth Street are predominantly industrial in nature, with a number of local industrial estates in the vicinity, namely Downing Street Industrial Estate, Middlemore Industrial Estate and Park Road Industrial Estate.  Vehicular access to the property is via two sets of iron gates off Booth Street.

Description

The property comprises an end terrace industrial/ warehouse unit of steel portal frame construction.  The part glazed elevations are a mix of brick/blockwork and profiled cladding surmounted by two pitched profiled, part insulated roofs incorporating translucent rooflights.

The accommodation comprises of an open plan two bay warehouse with a kitchen and w.c. facilities.  Access is via an electrically operated roller shutter door (3.7m high x 6.2m wide).  Height to the underside of the haunch - 3.47 m. (15'5'') approx.

Accommodation

23,884 sq.ft. (2,219.68 sq.m.) approx.

Lease Terms

The unit is available by way of a new lease on a full repairing and insuring basis for a term to be agreed.  The lease will incorporate a service charge provision to cover the repair/maintenance of all common areas approx.

Rent

Year 1 - £90,000 per annum exclusive.

Subsequent Years - £100,000 per annum exclusive.

The rental deal as outlined above is on the understanding that a tenant provides a minimum committment period of 5 years.

Business Rates

Rateable Value - £55,500.

UBR - 51.2p in the £ (2021/2022)

Planning

Interested parties are advised to make their own enquiries with Sandwell Metropolitan Borough Council on 0845 351 0017.

Services

The Agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify they are in working order or fit for their purpose.  The tenant is advised to obtain verification from their Solicitor or Surveyor.

Money Laundering

The money laundering regulations require identification checks are undertaken for all parties purchasing/leasing property.  Before a business relationship can be formed, we will request proof of identification for the purchasing/leasing entity.

Energy Performance Certificate

EPC Rating: D(90).

Legal Costs

Each party to bear their own legal costs incurred in this transaction.

V.A.T.

All prices quoted are exclusive of V.A.T. which may be chargeable.

Viewing

Strictly via the Joint Agents.

Sellers Chartered Surveyors
Matthew Pearcey
07764 269803
matthewpearcey@sellers-surveyors.co.uk

and

Bulleys
Max Shelley
07881 948 908
max.shelley@bulleys.co.uk