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Burnt Tree Industrial Estate - Units 3 & 4 - Investment Sale

Groveland Road, Tividale
Address
Burnt Tree Industrial Estate 3 & 4, Groveland Road, Tividale, Dudley , DY4 7UD
Contacts
Max Shelley
max.shelley@bulleys.co.uk
0121 544 2121
Email
Angela Holland
angela.holland@bulleys.co.uk
0121 544 2121
Email
REF: BURNT 1049
Tenure
For Sale
Description

Unit 3 comprises of a single bay end of terrace industrial unit of steel portal frame construction with profile cladding above brick and blockwork elevations. The unit benefits from a concrete floor and lighting is provided via a mix of fluorescent strip lights and sodium lights. The minimum eaves height is approximately 18’3” (5.5 m) rising to approximately 22’4” (6.8m). Vehicle access via an electrically operated roller shutter door measuring approximately 16’4” high (5m) x 13’11” wide (4.2m).

Unit 4 comprises of a single bay detached industrial unit of steel portal frame construction with profile cladding above brickwork to approximately 2m. The unit benefits from a concrete floor and lighting is provided via sodium lights. The minimum eaves height is approximately 14’ (4.3 m) rising to approximately 16’ (5m). Vehicle access via an electrically operated roller shutter door measuring approximately 14’ high (4.3m) x 21’ wide (6.6m).

Internally the unit has ground floor offices and storage areas with WC’s.

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EPC Rating

An EPC has been carried out on these units and they have been awarded the following grade:-

Unit 3: B-29

Unit 4: C-68

Price
Freehold: 1.45 million subject to contract reflecting a net initial yield of 6.98% after purchasers costs of 6.08% and a Capital Value of 85.94 per sq ft.

Lease: Let to Specialist Vehicle Logistics Ltd (Company number: 05555137) on a new 10 year lease from May 2015 on a full repairing and insuring term. There is a tenants break option at the end of the 5th anniversary of the term giving 6 months notice. The
current passing rent is 107,300 per annum exclusive.
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Car Parking

To units have the benefit of a secure fenced and gated yard of approximately 1.5 acres. This area provides a an area for loading and unloding with car parking.

Accommodation

                 sq ft       sq m

Unit 3      14,475     1,344

Unit 4        2,398        222

                16,873      1,566

Location

The units are located on Burntree Industrial Estate on the corner of Groveland Road and Dudley Road West. The A4033 Dudley Road West leads directly to Burntree Island, giving access to the A4123 Birmingham New Road to Wolverhampton and in the opposite direction to Junction 2 of the M5 which is approximately 2 miles distant. The M5 gives access to the regional and national Motorway network.

Map for Burnt Tree Industrial Estate - Units 3 & 4 - Investment Sale
For full details of occupancy costs and plans, please download the property brochure PDF or contact us direct.
CALL US ON:
01215442121