Industrial for sale in Units D1-D2 Austin Way, Hamstead Industrial Estate, Birmingham B42

Offers over £1,295,000 (£70/sq. ft)
Interested in this property? Call +44 121 659 8498 * or Request Details

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Industrial for sale

18,500 sq. ft*

Property description

Description

The property comprises a detached industrial unit with two storey office building.

The industrial space has been recently refurbished and benefits from 4x roller shutter doors on an enclosed site with extensive yard and perimeter palisade fencing.

Location

The property is located on Hamstead Industrial Estate 4 miles North of Birmingham City Centre.

The site is strategically located approx. 1.8 miles from J7 of the M6 motorway and approx. 3 miles from J1 of the M5 motorway.

It is approx. 4.6 miles from J6 of the M6 via the A38(M).

• M6 J7 - Approx. 1.8 miles
• M5 J1 - Approx. 3 miles
• M6 J6 - Approx. 4.6 miles
• Birmingham City Centre - 4 miles

Tenure

The property is held freehold under Title Number MM56176.

Tenancy

The property is let to Steer Automotive Group Limited on a 10-year lease from 18th February 2022.

The rent is currently £100,000 per annum exclusive payable monthly and is reviewable 5 yearly to open market value.

Covenant

Steer Automotive Group is the UKs largest accident repair groups operating from 56 sites and with 1,200 employees.

Pricing

Offers in excess of £1,295,000 are sought, subject to contract reflecting niy of 7.38% (when assuming purchasers’ costs of 4.69%) and a low underlying Capital Value of £67.50 ft2.

VAT

All prices quoted are exclusive of VAT.

However, it is envisaged the sale will be treated as a togc.

Energy Performance Certificate (EPC)

EPC: D / 84

Money Laundering

The money laundering regulations require identification checks are undertaken for all parties purchasing/leasing property.

Before a business relationship can be formed, we will request proof of identification for the purchasing/leasing entity.

Legal Costs

Each party are to be responsible for their own legal fees incurred during this transaction.

Viewings And Further Information

Viewings and further information via the selling agent Siddall Jones.

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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