Offers in region of
£400,000
(£248.60/sq. ft)
Office for saleUnits 1 & 2, Dairy Barns, Nuthurst Grange Lane, Hockley Heath, Solihull B94
1,609 sq. ft
Freehold
About this property
Freehold investment for sale
Two self-contained barn conversion office suites
Total NIA 1,609 sq ft (149.48 sq m)
Both units fully let - passing rent £25,500 per annum exclusive of VAT
Net initial yield approximately 6.4%
Approximately 0.5 miles from M40 Junction 16
Description
The property comprises two self-contained barn conversion office suites set within a shared blue brick pavioured courtyard with landscaped grounds and individual on-site car parking. Unit 1 extends to approximately 600 sq ft (55.74 sq m) over ground floor, providing two private offices, kitchen and WC facilities. Unit 2 extends to 1,009 sq ft (93.74 sq m) over two storeys, providing a reception, four offices, a communications room, kitchen and two WCs. Both units benefit from gas-fired central heating and hardwood double-glazed windows throughout. The property is offered for sale freehold with both units in occupation, producing a combined passing rent of £25,500 per annum exclusive of VAT, reflecting a net initial yield of approximately 6.4% at the guide price of £400,000. The freehold title includes an additional parcel of land to the rear of the complex, which contains the shared septic tank serving both office units.
Location
The property is situated on the corner of Stratford Road and Nuthurst Grange Lane, approximately half a mile south of Hockley Heath village centre. The M40 motorway (Junction 16) is within half a mile, providing excellent access to Birmingham, Warwick and London. Solihull town centre is approximately 6 miles to the north and Stratford-upon-Avon approximately 10 miles to the south.
Terms
Both units are let on full repairing and insuring leases, with rents payable quarterly in advance. Lease documentation and tenancy schedule available upon request. Offered for sale as a whole - not available on a unit-by-unit basis.
Specifications
Unit 1: 600 sq ft (55.74 sq m) - ground floor suite, two offices, kitchen, WC.
Unit 2: 1,009 sq ft (93.74 sq m) - two storey, reception, four offices, communications room, kitchen, two WCs.
Total NIA: 1,609 sq ft (149.48 sq m).
Rateable Values: Unit 1 £6,000 / Unit 2 £9,100.
Viewings
Strictly by prior appointment with the sole agents, Shepherd Commercial. Contact Charlie Boswell on or .
The property comprises two self-contained barn conversion office suites set within a shared blue brick pavioured courtyard with landscaped grounds and individual on-site car parking. Unit 1 extends to approximately 600 sq ft (55.74 sq m) over ground floor, providing two private offices, kitchen and WC facilities. Unit 2 extends to 1,009 sq ft (93.74 sq m) over two storeys, providing a reception, four offices, a communications room, kitchen and two WCs. Both units benefit from gas-fired central heating and hardwood double-glazed windows throughout. The property is offered for sale freehold with both units in occupation, producing a combined passing rent of £25,500 per annum exclusive of VAT, reflecting a net initial yield of approximately 6.4% at the guide price of £400,000. The freehold title includes an additional parcel of land to the rear of the complex, which contains the shared septic tank serving both office units.
Location
The property is situated on the corner of Stratford Road and Nuthurst Grange Lane, approximately half a mile south of Hockley Heath village centre. The M40 motorway (Junction 16) is within half a mile, providing excellent access to Birmingham, Warwick and London. Solihull town centre is approximately 6 miles to the north and Stratford-upon-Avon approximately 10 miles to the south.
Terms
Both units are let on full repairing and insuring leases, with rents payable quarterly in advance. Lease documentation and tenancy schedule available upon request. Offered for sale as a whole - not available on a unit-by-unit basis.
Specifications
Unit 1: 600 sq ft (55.74 sq m) - ground floor suite, two offices, kitchen, WC.
Unit 2: 1,009 sq ft (93.74 sq m) - two storey, reception, four offices, communications room, kitchen, two WCs.
Total NIA: 1,609 sq ft (149.48 sq m).
Rateable Values: Unit 1 £6,000 / Unit 2 £9,100.
Viewings
Strictly by prior appointment with the sole agents, Shepherd Commercial. Contact Charlie Boswell on or .
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