123 Stourbridge Road, Halesowen, West Midlands, B63 3UA

Description

The property comprises an extremely well presented two storey detached property currently occupied by Vets Four Pets as a veterinary centre. The property is well presented throughout and has undergone significant improvements throughout including new windows demonstrating tenant commitment to the location. The ground floor consists of an open plan reception area leading onto a number of consulting rooms and WC’s.

There is rear access to the car park. The first floor comprises of offices and kitchen and WC facilities. Additionally, there is a 2nd floor attic area.

Location

The property occupies a prominent position set back on the main A458 Stourbridge Road just outside Halesowen town centre. Surrounded by a densely populated residential area, the property is well placed for the current occupiers to serve the nearby community. The property lies within easy reach of public transport and nearby amenities include Esso Petrol Station, The King Edward VII public house and various independent retailers, along with Halesowen Town Football Club to the rear. Halesowen Town centre lies 0.5 miles to the east is situated some 7 miles west of Birmingham city centre and forms part of the West Midlands conurbation. The town is served by the A456 dual carriageway and the A458, both of which provide a rapid link to the M5 Motorway (Junction 3) 2 miles away.

Accommodation

Ground floor – 1,129 sq. ft. (104.9 sq m)
First Floor - 837 sq. ft. (77.8 sq m)
Total – 1,966 sq. ft. (182.7 sq m)

External

Externally, there are car parks to both the front and rear of the property for approximately 12 vehicles. The car park is block paved and there is gated side access serving the rear of the property.

Tenure

Freehold, subject to the existing tenancy.

Tenancy

The property is let in it’s entirety to Vets For Pets on a renewed 15 year lease from 4/11/2022, expiring on 3/11/2037.
The passing rent is £24,500 per annum which is payable quarterly in advance. There are rent reviews and break clauses at 4/11/2027 and 4/11/2032. The tenant has been in occupation for over 20 years.

Price

Overs based on £395,000 for the Freehold interest, subject to the existing lease.

Lease Terms

A copy of the occupational lease is available upon request . Viewings are available to qualified parties but no direct approach should be made to the tenants.

Business Rates

The property has a rateable value of £11,500 (1 April 2023 to present).

VAT

We are advised that VAT is applicable to the purchase price, although the sale is likely to be treated as a TOGC.

EPC

Rating C.

Legal Costs

Each party is to be responsible for their own legal costs that may be incurred in this transaction.

Anti Money Laundering

In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.

Size

0.137 acre (0.056 hectare)