Log In/Sign up
Your email has been sent.
Steelpark Rd - St Kenelm Court 2,260 sq ft Office Unit Offered at £295,000 in Halesowen B62 8HD
Investment Highlights
- 2,260 sq ft of well specified accommodation with 6 designated parking spaces within managed car park
- Let to Brown & Brown Insurance Brokers (UK) Ltd, a subsidiary of multi $billion revenue NYSE listed business at a current rent of £29,380 per annum
- Net initial yield of 9.65%, assuming usual purchaser’s costs
- Positioned on the highly sought-after Coombs Wood Business Park, an established commercial location
- 10-year FR&I lease from 24th February 2024
Executive Summary
The property is prominently positioned on the highly sought-after Coombs Wood Business Park, an established commercial location just one mile north of Halesowen town centre. It benefits from excellent connectivity, with convenient access to the M5 motorway at Junctions 2 and 3, providing strong links to the wider motorway network and the West Midlands region. This attractive, self-contained two-storey office building is set within a modern and well-established business development, benefiting from dedicated car parking spaces.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 6 |
| Net Initial Yield | 9.65% | Tenure | Freehold |
| Sale Type | Investment |
| Net Initial Yield | 9.65% |
| No. Parking Spaces | 6 |
| Tenure | Freehold |
Description
The offices have recently been refurbished and briefly
comprise:-
Ground Floor - provides a combination of open plan and cellular
office space with a large board room constructed from high
quality glazed partitioning. The ground floor benefits from high
quality laminate flooring (in part), carpeting, perimeter trunking
and a small kitchen area.
First Floor - comprises an open plan office suite with carpeting
throughout, perimeter trunking and suspended ceiling with
recessed computer lighting. Male, female and disabled toilets are provided within the property. There is air conditioning throughout.
comprise:-
Ground Floor - provides a combination of open plan and cellular
office space with a large board room constructed from high
quality glazed partitioning. The ground floor benefits from high
quality laminate flooring (in part), carpeting, perimeter trunking
and a small kitchen area.
First Floor - comprises an open plan office suite with carpeting
throughout, perimeter trunking and suspended ceiling with
recessed computer lighting. Male, female and disabled toilets are provided within the property. There is air conditioning throughout.
Sale Notes
Offers in the region of £295,000, for the freehold interest. A purchase at this level reflects a Net Initial Yield of approximately 9.65%, assuming usual purchaser’s costs and a capital value of £130.53 psf.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 4 | 2,260 sq ft | Office | £295,000 (£130.53/sq ft) | £28,467.50 |
Unit 4
| Unit Size |
| 2,260 sq ft |
| Unit Use |
| Office |
| Price |
| £295,000 (£130.53/sq ft) |
| NOI |
| £28,467.50 |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 4
| Unit Size | 2,260 sq ft |
| Unit Use | Office |
| Price | £295,000 (£130.53/sq ft) |
| NOI | £28,467.50 |
| Sale Type | Investment |
| Net Initial Yield | 9.65% |
| No. Parking Spaces | 6 |
| Tenure | Freehold |
| Description | |
| The offices have recently been refurbished and briefly<br> comprise:-<br> Ground Floor - provides a combination of open plan and cellular<br> office space with a large board room constructed from high<br> quality glazed partitioning. The ground floor benefits from high<br> quality laminate flooring (in part), carpeting, perimeter trunking<br> and a small kitchen area.<br> First Floor - comprises an open plan office suite with carpeting<br> throughout, perimeter trunking and suspended ceiling with<br> recessed computer lighting. Male, female and disabled toilets are provided within the property. There is air conditioning throughout.</li></ul> | |
| Sale Notes | |
| Offers in the region of £295,000, for the freehold interest. A purchase at this level reflects a Net Initial Yield of approximately 9.65%, assuming usual purchaser’s costs and a capital value of £130.53 psf.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 14,773 sq ft | Typical Floor Size | 7,387 sq ft |
| Property Type | Office (Unit) | Year Built | 2006 |
| Costar Property Class | B | Total Plot Size | 0.19 ac |
| Floors | 2 | Parking Allocation | 1.24/1,000 sq ft |
| Total Property Size | 14,773 sq ft |
| Property Type | Office (Unit) |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 7,387 sq ft |
| Year Built | 2006 |
| Total Plot Size | 0.19 ac |
| Parking Allocation | 1.24/1,000 sq ft |
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Storage Space
- Smoke Detector
1 1
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Steelpark Rd - St Kenelm Court
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.