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Dudley Rd 11,906 sq ft Light Industrial Property Brierley Hill DY5 1LX £1,135,000 (£95.33/sq ft) 6.25% Net Initial Yield

INVESTMENT HIGHLIGHTS
- Purpose built unit
- Cloe to Merry Hill Shopping Centre
- 12 miles west of Birmingham city centre
EXECUTIVE SUMMARY
Waterfront Business Park comprises nine detached buildings providing a mixture of industrial and office accommodation. The buildings have their own car parking spaces allocated on the park. The subject unit is a detached industrial building with metal clad elevations, a steel profile roof and high level glazing. Internally there are small offices, public collection area and staff welfare facilities but the majority of the unit is open industrial space.
The building is served by two roller shutter doors which have an external canopy. The yard is fully secured with pallisade fencing and has block paving. The unit has an eaves height of 6.45m and has gas fired warm air blowers and suspended strip lighting. The building has been used by Royal Mail as a local sorting office since 1998. The unit extends to 1,106 sqm (11,906 sqft). There are also 31 demised car spaces to the unit outside of the demised yard area. These are mainly to the front of the unit and generally used by the public for collections from the Royal Mail counter.
The building is served by two roller shutter doors which have an external canopy. The yard is fully secured with pallisade fencing and has block paving. The unit has an eaves height of 6.45m and has gas fired warm air blowers and suspended strip lighting. The building has been used by Royal Mail as a local sorting office since 1998. The unit extends to 1,106 sqm (11,906 sqft). There are also 31 demised car spaces to the unit outside of the demised yard area. These are mainly to the front of the unit and generally used by the public for collections from the Royal Mail counter.
PROPERTY FACTS
| Price | £1,135,000 | Total Plot Size | 0.28 ac |
| Price per sq ft | £95.33 | Net Internal Area (NIA) | 11,906 sq ft |
| Sale Type | Investment | No. Floors | 1 |
| Yield | 6.25% | Year Built | 1995 |
| Tenure | Long Leasehold | Tenancy | Single |
| Property Type | Light Industrial | Parking Allocation | 2.6/1,000 sq ft |
| Property Subtype | Light Distribution | Eaves Height | 21 ft 2 in (6.45 m) |
| Costar Property Class | C |
| Price | £1,135,000 |
| Price per sq ft | £95.33 |
| Sale Type | Investment |
| Yield | 6.25% |
| Tenure | Long Leasehold |
| Property Type | Light Industrial |
| Property Subtype | Light Distribution |
| Costar Property Class | C |
| Total Plot Size | 0.28 ac |
| Net Internal Area (NIA) | 11,906 sq ft |
| No. Floors | 1 |
| Year Built | 1995 |
| Tenancy | Single |
| Parking Allocation | 2.6/1,000 sq ft |
| Eaves Height | 21 ft 2 in (6.45 m) |
AMENITIES
- Bus Route
- Courtyard
- Fenced Lot
- Security System
- Signage
- Storage Space
- Smoke Detector
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Dudley Rd
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