Industrial for sale in Excelsior House, Mucklow Hill, Halesowen B62

From £800,000 (£50.63/sq. ft)
Industrial for sale 15,800 sq. ft*
Interested in this property? Call +44 121 659 8498 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Key Points

  • Freehold Tenure
  • Investment Opportunity
  • Generating £60,000 pa
  • Central Driveway
  • Car Parking
  • Office/Industrial Accommodation
  • Description

    The property comprises a triangular shaped site with large frontage to Mucklow Hill.

    The estate comprises a two-storey office building to the front and with two industrial units of steel portal frame construction to the rear and side of the estate.

    A central driveway provides access through the estate with an exit onto Forge Lane.

    Car parking is situated along the driveway and at the rear of the estate.

    Viewings

    Viewings are strictly via appointment with the sole selling agent, Siddall Jones.

    Location

    The property enjoys a prominent frontage to the A458 Mucklow Hill within close proximity to its junction with the Dudley and Bromsgrove Road close to Halesowen Town Centre.

    The immediate area is home to a number of local and national retailer and businesses including Wikes and B&Q.

    Communication links are excellent being only 2.5 miles from J3 of the M5 Motorway and on a mail bus route into Birmingham City Centre from Halesowen Bus Station only a few minutes away.

    Terms

    Offers in the region of £800,000 are sought, subject to contract.

    VAT

    The property has been elected for VAT and therefore VAT will be payable.

    It is intended that the property will be sold as a togc.

    Tenancies

    Unit 1 – 6,000 ft2
    Let to Auto Tyres Ltd on a 15-year lease from October 2020. Reviews at years 3 and 10.
    Rental: £20,000 pa

    Unit 2 – 7,000 ft2
    Let to Warrington Robotics Ltd on a 5-year lease from June 2020.
    Rental: £28,000 pa

    Excelsior House – 2,800 ft2
    Let to Warrington Robotics Ltd on a 5-year lease from June 2020.
    Rental: £12,000 pa

    Anti-Money Laundering

    In accordance with Anti Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Siddall Jones Limited, B18 on +44 121 659 8498 * (local rate)

    Contact Siddall Jones Limited about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Siddall Jones Limited, and do not constitute property particulars. Please contact Siddall Jones Limited for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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