Commercial Property
False
The property is situated fronting Meeting Lane, which is accessed off the A461 Brettell Lane and Station Drive. Brierley Hill Town Centre is within a quarter of a mile, whilst Stourbridge Town Centre lies approximately 2 miles to the south.
The property comprises a single storey unit of two interconnecting workshops, with offices and a surfaced yard area.
Unit 2a is of steel truss construction with brick infill, surmounted by a pitched roof and benefitting from concrete floor, high bay sodium lighting, roller shutter access and Three Phase electricity.
Unit 2b is of a steel portal framed construction with brick roller infill, surmounted by a pitched roof, concrete flooring, high bay sodium lighting, electric shutter door and Three Phase electricity.
Externally the property benefits from a side loading area and large secured yard.
Commercial Investment
A Freehold Industrial Investment
Current Gross Income: £16,000 pa.
2A
Let by way of a 10 year Lease to Saif Motors Ltd, with effect from March 2015, at a rent of £9,000 per annum. There is a provision for a rent review at the end of the 5th year.
2B
Let by way of a 10 year Lease to Mr G.M. Quereshi, at a rent of £7,000 per annum, with effect from November 2014. There is provision for a rent review at the end of the fifth year.
We understand that there are shared facilities and full tenancy details will be available for inspection within the legal pack.
We understand that the property is Freehold, subject to the following tenancies:-
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
