£1,900,000
(£61.47/sq. ft)
Industrial for saleMiddlemore Industrial Estate, Smethwick, Birmingham B21
30,910 sq. ft
About this property
Established Location
Income Producing
Gross Initial Yield - 7.9%
Outside Clean Air Zone
Location
Berry's Business Park is located on the established Middlemore Industrial Estate on Middlemore Road, Smethwick, just off the A41 Birmingham Road. The regional motorway network is accessed via Junction 1 of the M5, approximately 1.5 miles to the west. The Hawthorns Metro and Railway Station is approximately 1 mile away, with Birmingham City Centre approximately 4 miles to the east.
Description
The property comprises 11 industrial / warehouse units of steel portal frame construction beneath pitched roofs. The units generally provide warehouse accommodation with ancillary offices and WCs, together with roller shutter loading doors. Internally, the units benefit from concrete floors, a mix of LED and fluorescent strip lighting and a minimum eaves height of approximately 3.5 metres. The estate provides internal road access and on-site parking.
Services
We are advised services are connected to include mains gas, water and electricity.
Mason Young Property Consultants has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.
Energy Performance Certificates
Details available upon request.
Tenure/Rent
The property is held on a long leasehold interest for a term of 150 years, expiring 24 March 2136. The current ground rent is stated as £1,234.64 per annum. Offers are invited in the region of £1,900,000, subject to contract.
Business Rates
Interested parties are advised to make their own enquiries to Birmingham City Council on .
VAT
We understand the property is elected for VAT. The sale is anticipated to qualify as a Transfer of a Going Concern (togc), subject to the purchaser meeting the relevant criteria.
Legal Costs
Each party to be responsible for their own legal costs incurred during this transaction.
Viewing
Strictly by prior appointment with sole agents, Mason Young Property Consultants.
Berry's Business Park is located on the established Middlemore Industrial Estate on Middlemore Road, Smethwick, just off the A41 Birmingham Road. The regional motorway network is accessed via Junction 1 of the M5, approximately 1.5 miles to the west. The Hawthorns Metro and Railway Station is approximately 1 mile away, with Birmingham City Centre approximately 4 miles to the east.
Description
The property comprises 11 industrial / warehouse units of steel portal frame construction beneath pitched roofs. The units generally provide warehouse accommodation with ancillary offices and WCs, together with roller shutter loading doors. Internally, the units benefit from concrete floors, a mix of LED and fluorescent strip lighting and a minimum eaves height of approximately 3.5 metres. The estate provides internal road access and on-site parking.
Services
We are advised services are connected to include mains gas, water and electricity.
Mason Young Property Consultants has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.
Energy Performance Certificates
Details available upon request.
Tenure/Rent
The property is held on a long leasehold interest for a term of 150 years, expiring 24 March 2136. The current ground rent is stated as £1,234.64 per annum. Offers are invited in the region of £1,900,000, subject to contract.
Business Rates
Interested parties are advised to make their own enquiries to Birmingham City Council on .
VAT
We understand the property is elected for VAT. The sale is anticipated to qualify as a Transfer of a Going Concern (togc), subject to the purchaser meeting the relevant criteria.
Legal Costs
Each party to be responsible for their own legal costs incurred during this transaction.
Viewing
Strictly by prior appointment with sole agents, Mason Young Property Consultants.
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Monthly repayment
£9,504 per month
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