One Waterfront Business Park, Brierley Hill, DY5 1LX
sold
AP Investment, jointly with KWB have completed the sale of One Waterfront Business Park, Brierley Hill on behalf of Bridges Fund Management.
The modern detached office was constructed in the late 1990s and is currently multi let to four tenants with one vacant suite. The building extends to 18,142 sq ft over two floors.
The property has an AWULT of 4.6 years to expiry and 2.5 years to break. The current rent is £226,822 per annum.
The purchaser was a private property company client of Michael Johnson & Co.
This sale was the final one for Bridges who have concluded various sustainability led asset management strategies and exits for all the units since acquiring the business park back in the summer of 2019. The Waterfront Business Park has proved popular to investors, owner occupiers and tenants.
View other sales and recent transactions.
