Property Information
Address:
Leys Road, Brockmoor, West Midlands
, DY5 3UP
, West Midlands
, United Kingdom
Price: Buy: POA
Size: 8266 sq ft768 sqm
Primary Category: Industrial
All Categories:
Investment, Land, Industrial,
Property Ref/Movehut: MH691229
Property Ref/Agent: 115614
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: June 15, 2024
Property description
MULTI-LET FREEHOLD INDUSTRIAL ESTATE WITH BREAK UP / REVERSIONARY POTENTIAL
Highly reversionary multi let industrial investment located in the popular industrial location of Brierley Hill in the Black Country.
A large proportion of the estate has been sold off long leasehold.
The remaining 11 units are either vacant or held on occupational leases or vacant, totalling a gross internal area of 8,266 sq ft (68% let).
Additionally, the estate benefits from three open storage sites totalling a further 0.43 acres (46% let).
The annual passing rent for all units and yards totals £33,852.
The industrial units are passing off a low rent of £3.77 per sq ft.
The estate offers immediate reversionary potential.
The quoting price is underpinned by vacant possession values.
Freehold.
Offers in the region of £750,000 (Seven Hundred and Fifty Thousand) exclusive of VAT, reflecting a capital value of £60.00 per sq ft on the industrial units and £600,000 per acre on the open storage land.
;