Stockwood Business Park has a good mixture of converted period buildings used as offices and warehousing with views of the open countryside. The 599 sq ft (55.6 m2) two storey office is set within a former stable yard that benefits from ample on-site parking.
We understand that mains services are available to the property, namely mains water and electricity. Underground sourced heating is provided to the whole estate for which there is a small heating charge.
Location
The premises are located on Stockwood Business Park, just outside the village of Inkberrow in Worcestershire to the south of Redditch. Stockwood Business Park occupies an attractive Rural Position with convenient access to the motorway network and local towns. The M5 motorway junctions 5 and 6 are easily accessible approximately 7 miles to the west of Stockwood Business Park and M42, junction 3 is located approximately 9 miles to the north.
Accommodation
Floor Area: - NIA Internal Area (NIA) is 599 sq ft (55.6 sq m).
Terms
Price: £6,589 per annum.
Tenure: New lease available.
Service Charge: £725.95 per annum approx. (2023)
Rateable Value: £5,500 (2023) source: www.voa.gov.uk.
Rates Payable: The rates payable are calculated as a multiplier of the rateable value. If the rateable value is £12,000 or less, small businesses may be entitled to 100% rates relief providing the property is their only business premises. Any interested applicants should contact the local authority and verify the multiplier and check if any rates relief is available for their business.
Insurance: Standard commercial terms are that the landlord insures the building and the tenant pays the landlord the cost of the buildings insurance annually. The tenant will be responsible for insuring their own stock, content and liabilities.
Legal Costs & Holding Deposit: A contribution will be payable towards the landlords legal costs of £500 + VAT. The landlord may request a holding deposit of £1000 once terms are agreed this will be deducted off the first payment of rent.
Deposit: The landlord may ask the tenant to provide a deposit, this is typically the equivalent of three months worth of rent but could change and is subject of the tenant’s financial status.
VAT: Value Added Tax at the prevailing rate is applicable on all costs shown in these particulars apart from business rates.
EPC: The Energy Performance Rating of the property is = D.
A full copy of this report is available from the agent’s office upon request.
Specification
- 599 sq ft (55.6 m2)
- Ample On Site Parking
- Fibre Broadband To Site
- Good Motorway Access To M5 & M42
- Rent £6,589 pa+ VAT