Industrial Park
The property is situated at the western end of Oak Lane which is a continuation of Ham Lane. The general surrounding area is a well-known location for factories and light industrial premises lying to the north of Stallings Lane (B4175). The unit lies on the edge of countryside with Stourbridge and Wolverhampton town centres accessible via A491 and A449 respectively, both within 5 miles distance.
The property comprises a fairly modern industrial/warehouse unit of steel portal frame construction with insulated walls over clad with profile metal sheeting and pitched roof. Whilst the property is single storey it has a substantial working height with eaves of 6.33m and maximum ridge height of 9.33m.
The property benefits from partitioned offices, w/c’s and kitchenette at ground floor with concrete stairs giving access up to a mezzanine level with concrete floor and steel framed open mezzanine store with gantry. Parking is available to the front of the property for 7 vehicles. The property has a gross internal area of approximately 7669 sq ft (712.5 sq m).
Residential Investment
A Well Presented Freehold Industrial Property
Current Rental Income: £27,000 pa
We understand the property is Freehold, subject to a Lease for term of 9 years with effect from 22nd April 2005, at a current rental of £27,000 per annum. Full details and copy of the Lease will be available for inspection within the legal pack.
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.
