Summary
| Property Type | Leisure / Mixed Use / Retail |
| Tenure | To Let |
| Size | 5,285 sq ft |
| Rent | £45,000 per annum On a new lease with length and terms to be agreed. |
| Rates Payable | £2.76 per sq ft Based on 2023 Valuation |
| Service Charge | £9,254 per annum |
| EPC Rating | This property has been graded as E |
- Attractive waterside position
- Popular mixed use development
- Adjacent to busy JD Wetherspoons unit
- ‘Blank Canvas’ Open plan space
- External eating / drinking area
About
The property comprises a ground floor unit with a predominantly glazed frontage which overlooks the historic Dudley Canal Marina.
With a slightly split frontage, there is a block paved area to the frontage for external eating and drinking.
Being West facing, this frontage benefits from extended sunlight hours providing a lovely setting.
Location
The premises form part of The Waterfront located immediately adjacent to JD Wetherspoons and close to a number of niche retailer and leisure occupiers.
The Waterfront itself is part of an integrated office campus of 440,000 sq ft with a mix of high profile public and private occupiers and circa 4,000 employees on site and 1,500 free car parking spaces.
Lying adjacent to the Merry Hill Shopping Centre, The Waterfront is a smart canal side complex which includes offices; the 4-Star Copthorne Hotel; retail and leisure uses.
It hosts regular events including the annual Black Country Duck Race and pop-up food festivals.
It is also under new ownership who have ambitious plans for a new improved tenant mix.
Mainline Stations
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Cradley Heath29 mins
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Lye (West Midlands)34 mins
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Stourbridge Town46 mins
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Old Hill51 mins
Underground Station
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Chesham1613 mins
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Amersham1644 mins
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Reading1661 mins
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Chalfont and Latimer1677 mins
Downloads
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Further Information
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Tenure
The property is being offered on a brand new lease for a minimum term of 10 years (longer by negotiation). It will be on (Full/Internal) Repairing & Insuring terms and any agreement will be free-of-brewery ties.
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Service Charge
There is a service charge of £9,000 per annum.
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Planning
Unit 2-5 Waterfront East is not a listed building and does not lie in a Conservation area.
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Business Rates
The property is in an area administer by Dudley Council. The 2023 Rateable Value has been assessed at £26,750.
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EPC
An Energy Performance Certificate is being prepared by our client and will be made available to prospective purchasers in due course.
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VAT
All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be added where applicable. In most cases VAT is reclaimable.
Prospective purchasers should consult with their accountant for professional advice in this respect. -
Money Laundering
The Money Laundering Regulations require us to conduct checks upon all Purchasers (including Tenants). Prospective Purchaser(s) will need to provide proof of identity and residence. For a Company any person owning more than 25% must provide the same.
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