industrial
Ref 17358

William Hackett Industrial Units

Maypole Fields
B63 2QE Halesowen

To buyPlease contact us
Size45,219 ft² / 4,201 m²

Description

Well Let Industrial Investment Opportunity

Investment Summary

  • Two strategically located industrial units in the heart of Birmingham’s Black Country Region
  • Situated in Cradley Heath, the properties benefit from excellent road connectivity
  • Direct links via the A458 and A4036 provide easy access to the M5 Motorway
  • The investment comprises 2 industrial units located either side of Maypole Fields, extending to 45,219 sq ft in total:
     The Main Works building extends to 26,428 sq ft on a site of 0.83 acres
     The ancillary Warehouse extends to 18,791 sq ft on a site of 0.85 acres
  • Both units are let to longstanding occupier William Hackett Chain Products Ltd on two coterminous leases expiring on 31 August 2040, with tenant break options in 2030 and 2035
  • Low current passing rent of £176,205 per annum (£3.90 per sq ft) overall
  • Extremely favourable unexpired term of 21 years to expiry and 11 years to break
  • Freehold

Proposal

Offers are sought in excess of £1,840,000 (One Million, Eight Hundred and Forty Thousand Pounds), subject to contract and exclusive of VAT, for the freehold interest in the buildings.

Read more description

Energy rating

Energy rating C-D

Location and Transport

Cradley Heath is strategically located in the heart of Birmingham’s Black Country Region, approximately 2.5 miles south of Dudley, 8 miles west of Birmingham and 8.5 miles south of Wolverhampton. With a population of in excess of 1.19 million people, the Black Country accounts for a fifth of the West Midland’s population and provides an extensive skilled labor pool. The Black Country Region has a strong industrial heritage and generates a Gross Value Added of circa £20.2 billion per annum. The property is strategically located in close proximity to Junctions 2 and 3 of the M5 Motorway, which offer direct access to the Birmingham Motorway Box (formed of the M5, M6 and M42 Motorways), whilst providing unparalleled access to the National Motorway Network beyond. Cradley Heath also enjoys extensive national and regional rail services. The property is served by Cradley Heath Railway and Bus Interchange Station, which lies circa 0.4 miles north east of the property and has recently undergone a £1.9 million refurbishment. The station provides direct services to Birmingham (20 minutes); Worcester (35 minutes) and London Marylebone (2 hours 20 minutes).