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Industrial Park for sale

Tame Road, Birmingham, B6

Offers in Region of 20,000 sq. ft. | £675,000

Property Description

Commercial information

  • 20,000 sq ft (1,858 sq m)

Key features

  • Fantastic Investment Oppourtunity with 10.25% Yield
  • Fully Let Generating 69,240 per annum
  • 10 Warehouse/Workshop Units
  • Excellent Location Adjacent to J6 of the M6 Motorway

Full description

Location

Northwood Works is situated along Tame Road close to its junction with Electric Avenue in the Witton area of Birmingham.

The site is conveniently located for access to the national motorway network with Spaghetti Junction being situated approximately only 0.5 miles to the East via the Litchfield Road (A5127).

Description

The estate comprises a large industrial warehouse that has been split to provide warehouse/workshops units of various sizes accessed off Tame Road.

Each unit has been refurbished to a high standard to include profile steel clad elevations, electric roller shutter doors, steel pedestrian access doors, concrete flooring, emulsion coated walls and independent three phase electricity supply.

Externally the property benefits from a secure concreted yard area providing valuable car parking and excellent loading access.

Investment Overview

* Fully Let generating 69,240 per annum
* Significant asset management opportunities
* 10 warehouse / workshop units
* 20,604 ft2 built accommodation
* Excellent location adjacent to J6 of the M6 Motorway

Proposal

Offers in the region of 675,000 are sought representing an attractive yield of 10.25% before costs and a low capital value of 32.76 ft2.

Tenure

The property is held freehold tenure.

Tenancy Schedule

Unit Area
Ft2 Tenant Rental
(PCM)
Unit 1 1,645 Stage Set & Light Ltd 616.87
Unit 2 1,264 GL Contractor Ltd 474.00
Unit 3 1,747 MHK Tyres Ltd 655.12
Unit 4 2,328 Fax a Floor 776.00
Unit 5 2,328 Stuart McDonald 698.40
Unit 6 3,751 Mills Bookbinders 895.60
Unit 7 3,077 Centrick Maintenance 800.00
Unit 8A 2,976 Centrick Prop Sales 333.33
Unit 8B 1,488 Fire Compliance Services 291.67
Unit 8C Vicarage Court Solicitors 229.17
TOTAL 20,604 RENTAL PCM 5,770.16

RENTAL PER ANNUM 69,241.88

VAT

The property is elected for VAT and therefore VAT will be payable on the purchase price.

It is anticipated that the sale will be dealt with as a TOGC.

Energy Performance Certificate

Available upon request.

Services

We understand that all mains services are available on or adjacent to the subject property.

Legal Costs

Each party are to be responsible for their own legal costs incurred.

Viewings

Strictly via the sole agent Siddall Jones on 0121 638 0500.

More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

Disclaimer - Property reference NorthwoodBanks. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Siddall Jones Ltd, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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