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Hagley Road, Halesowen, B63
Under offer 7,181 sf
Office Investments for Sale
Hagley Road, Halesowen, B63
Under offer
Lease - 8 years from the 1st March 2021 with break clause at year 3
Asking price £900,000 exclusive of VAT
Net initial yield 9.15% after allowing for normal purchaser's costs
A two storey brick building with a small basement below. The building was constructed using a steel and concrete frame under a flat roof. Within the last three years the building has been comprehensively refurbished to a high standard and the works have included re-roofing, new plant including air source heating and cooling, refitting of all toilet facilities and new low energy lighting. To the rear of the property a generous car park is provided with space for at least 25 cars, with some double parking on the upper car park. The car park benefits from a secure access to control vehicle movements into the car parking areas. The building is currently used as a call centre and as such benefits from resilient fibre connections and data wiring to the latest standards.
Location
The property is located in a prominent town centre location overlooking a roundabout at the junction of Queensway and Hagley Road. The property is very close to Halesowen bus station, town centre and immediately opposite an Asda Superstore. Halesowen likes a short distance away from Junction 3 of the M5 Motorway and Birmingham city centre lies approximately 8.5 miles to the north east. The town is well located for staff based in the Black Country and the west of Birmingham, and within easy commuting distance of very attractive villages in the Worcestershire countryside.Amenities
7,181 sq ft (667.10 sq m)Freehold property
Fully refurbished
CCTV and secure building access system
Extensive car parking
Rental - £87,000 per annum exclusive
Lease - 8 years from the 1st March 2021 with break clause at year 3
Asking price £900,000 exclusive of VAT
Net initial yield 9.15% after allowing for normal purchaser's costs
Related links
Investment property for SaleInvestment property for Sale in HalesowenFisher German
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