Commercial Property in New Street Station available for sale
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Distribution Warehouses for Sale near the New Street Station, Birmingham

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Distribution Warehouses for Sale Within 5 miles of the New Street Station, Birmingham

More details for 292-296 Wharfdale Rd, Birmingham - Industrial for Sale

Selco Trade Centre - 292-296 Wharfdale Rd

Birmingham, B11 2DT

  • Industrial for Sale
  • £3,910,000
  • 34,170 sq ft
  • Security System

Birmingham Industrial for Sale

The asset comprises a single-let trade counter providing 34,170 sq ft of accommodation. The original unit is made up of 3 steel framed bays with a trussed roof. In 2006, a modern steel portal framed extension was added to the rear. Instructed to seek offers for the freehold interest in excess of £3,910,000 (three million nine hundred and ten thousand pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 5.75%, an attractive reversionary yield in excess of 7.25%, and a low capital value of £115 per sq ft, assuming standard purchaser’s costs of 6.53%.

Contact:

Cortex Partners

Property Subtype:

Distribution Warehouses

Date on Market:

21/02/2025
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LoopNet UK West Midlands County Birmingham Distribution Warehouses For Sale in New Street Station, Birmingham, UK

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