Property overview

Unit E4, Hagley Court North, Waterfront East Business Park, Brierley Hill DY5 1XF

under offer

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£420,000
Mar 2022

High yielding multi let office investment located on Waterfront East Business Park, Brierley Hill an established mixed commercial and leisure park built in the early 1990’s.

 

The area is dominated by the commercial developments of Merry Hill Shopping Centre and both Waterfront East and Waterfront Business Park.

 

The single office unit is in a courtyard scheme, split into ground & 1st floor suites, totalling  3,999 sq ft. There are 4 allocated car spaces plus free 1,500 space communal car park.

 

The two suites are let on separate leases and were both new lettings in 2021, they expire in 2026 & 2028.

 

There is a combined rent of £39,650 per annum (average of only £9.91 per sqft).

 

Offers are sought in excess of £420,000. This shows an initial yield of 9.05%, allowing for purchaser’s costs of 4.38%. This reflects an underlying capital value of £105 per sqft.

 

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St Pauls Office Investments Retail & Retail Warehousing investments