Warehouse for sale

Unit 10, Ash Court, Crystal Drive, Sandwell Business Park, Smethwick B66

Location
The site and premises are situated on ‘Ash Court’ forming part of the ‘Sandwell Business Park’ on Crystal Drive between Smethwick and Oldbury, in an established commercial location attractive to small & medium sized businesses.

Crystal Drive enjoys direct access on to Spon Lane South and the A457 Birmingham Road/Oldbury Road dual carriageway which in turn links to Junction 2 of the M5 Motorway to the west (2.5 miles) or Junction 1 of the M5 Motorway to the north east (2 miles).

The estate is located about 5 miles to the north west of Birmingham City Centre and about 4 miles to the east of Dudley Town Centre.

Description
The property comprises of a self-contained end of terrace unit of steel frame construction with brick and block work elevations, reinforced concrete floor, beneath a mono-pitch roof with insulated profile steel sheet covering incorporating translucent light panels.

Access is via either a pedestrian door or the main roller shutter door (3m x 3m). Internally the warehouse benefits from strip fluorescent lighting and a gas fired blower heater.

Additionally, there is a fitted office which has a suspended ceiling incorporating recessed lighting, and wall mounted air conditioning. Separately there is a small kitchenette area and both male and female toilet facilities to the rear of the property.

To the front of the premises is a tarmacadam surfaced parking and loading area.

Metered 3 phase electricity, gas, water, and drainage are all connected to the premises.

The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose.

Floor Area
1,954 sq ft (181.55 sq m) – Gross Internal Floor Area (gia)

Tenancy Details
Let to Evolution Cooling Ltd on a full repairing and insuring (Fri) lease for a term in expiring 29th November 2028 at a rent of £17,500 per annum exclusive. Tenant break option 31st May 2027. Tenant has been in occupation of the premises since November 2020.

Tenant is in the process of relocating so there may be an opportunity to obtain early possession subject to agreement between the parties.

Tenant Information
Evolution Cooling Ltd – Established in May 2019, are given a CreditSafeUK rating of B51.

Evolution Cooling support UK manufacturers with engineered chiller solutions, structured maintenance and rapid-response breakdown support. Source:

Tenure
Long Leasehold – 250 years from 24th August 2004 at a peppercorn rent.

Energy Performance Certificate (EPC)
D98 – expiring August 2033
VAT

The property has not been opted for tax, therefore VAT will not be payable on the purchase price.

Proposal
We are instructed to seek offers in excess of £250,000 (Two Hundred & Fifty Thousand Pounds) subject to contract.

A purchase at this level reflects a net initial yield of 6.84% assuming purchaser’s costs at 2.30%.