3 Blackberry Lane - Halesowen, B63 4NX

3 Blackberry Lane

Halesowen, B63 4NX

3 Blackberry Lane, Halesowen, B63 4NX

Guide Price

£150,000

Floor Area (Max)

4,334 SqFt ( 403 SqM )

This ground floor premises is situated on Blackberry Lane in Halesowen and is currently occupied by a car garage. The property is accessed via a driveway leading to large workshop with several ancillary rooms including an office and storage space.

The current lease dated 26th February 1996 for an original term of 6 years has now expired. The lease is now in holdover and it is understood that the tenant pays rent totalling £12,000 per annum.

At asking price the investment represents a 7.86% net initial yield (after assuming standard purchaser's costs.)

Location

The property is located less than a mile from Halesowen Town Centre, on a densely populated residential estate known locally as 'The Huntlands'. Blackberry Lane is situated off the B4183 Hagley Road, which provides a convenient connection to the A456, linking local cities and towns including Stourbridge (6 miles), Birmingham (9 miles) and Kidderminster (10 miles). Junction 3 of the M5 is 2 miles away.

Accomodation

Workshop - 80 x 35 = 2586 sq ft

Office - 14.11 x 11.03 = 169 sq ft

Store 1 - 32.02 x 20.08 = 665 sq ft

Store 2 - 13.05 x 10.10 = 146 sq ft

Driveway - 26.07 x 13.10 = 369 sq ft

Hallway - 11.04 x 11.02 = 128 sq ft

Terms

We are instructed to seek offers in the region of £150,000 for the Freehold interest.

Contact Chris Jeffries/Harvey Pearson

01384