Commercial Investment

We are delighted to offer for sale this fantastic Commercial Investment opportunity in the heart of the Black Country. Set over 5 floors, with a Gross External Area of approx. 30,000 square ft the property has undergone a recent programme of upgrade. The property has not been inspected by the Auctioneers however. Located within 3 miles of Junction 1 of the M5 and within 6 miles of Birmingham City centre, the property is, we are advised, currently fully let, mainly on good leases and brings in an income of approx. £133,000pa (a yield of approx. 10% at Guide Price) A schedule of leases is set out below, however purchasers are advised to see the legal pack for copies of leases, heads of terms , service charges etc.

Tenure

Freehold

Level 0 - Ground Floor

Dated 23rd August 2024 to 31/1/2033

Level 1 – Large Area

Dated 8th April 2024 until 31/1/2031

Level 1 – Small Area

Dated 1st October 2024 7 year term

Level 2

Dated 1st September 2024 7 year term

Level 3

Dated 16th January 2024 until 24/12/2030

Level 4

Dated 14th September 2023 to 13th September 2028

Level 5 – Rooftop Lease

Dated 24th February 2017 to 23rd February 2037

General Information

We are advised all tenants pay for their own services and Business Rates.

Viewings

We will not be carrying out viewings for this lot.

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Sandwell Metropolitan Borough Council

Additional Fees

Buyer's Premium - £1,500 inc vat

Administration Charge - £1440 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.