Unit 2, Waterfront Business Park, Brierley Hill DY5 1LX
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On behalf of London Metric AP Investment has recently completed the sale of an industrial investment on the popular Waterfront Business Park, Brierley Hill.
The park is home to long term businesses such as the NHS, Dudley College and Higgs LLP. The multi let office & industrial park was built in the late 1990’s/early 2000’s.
The subject unit is a detached industrial unit used as a local sorting office by the Royal Mail. The 11,906 sq ft unit has a secure side yard and has been used by the tenant since 1998.
The unit is let to Royal Mail Group Ltd on a 5 year lease from 23 December 2023. The passing rent of £75,214 per annum reflects only £6.32 per sq ft.
The property was acquired by a private client of Halls.
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