Unit 7, The Waterfront Business Park, Brierley Hill DY5 1LX
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High yielding office investment.
Modern & recently refurbished detached office with an EPC A rating. 31,830 sq ft over two floors. Car parking ratio of 1:193 sq ft.
Complete refurbishment of the building included new air conditioning and air handling system, new ceilings and LED lighting, raised access floors and redecoration.
Let to Talbots Solicitors and Advisory Insurance Brokers Ltd, trading as Footman James. Talbots Solicitors have recently removed their 2027 break option. Advisory Insurance Brokers lease commenced 8 May 2024.
The WAULT is 8.6 years to expiries and 6.1 years to break with a combined rent of £429,705 per annum.
We are instructed to seek offers in excess of £4,000,000.
This shows an initial yield of 10.08%, allowing for purchaser’s costs of 6.55%.
The underlying capital value is only £125 per sq ft, below vacant possession value.
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