Office for sale

Old Hall, Bratt Street, West Bromwich,West Midlands, B70

Sold STC 1,800 sq. ft. | £300,000

Property Description

Commercial information

  • 1,800 sq ft (167 sq m)

Key features

  • Producing 25,000 per annum
  • Private yet central town centre location
  • 1,800 sq. ft over two floors
  • On site dedicated car parking
  • NIY of 8.07% after deducting purchasers costs of 3.3%

Full description

Tenure: Freehold

DESCRIPTION
Once a former Sunday school, The Old Hall has more recently been utilised as offices for a building engineers, and now affords flexible accommodation over two floors and sits back beyond its own car park (5/6 parking spaces).

Enjoying a wealth of character, the property is accessed via a main entrance door into a reception lobby with two access doors to the open plan ground floor offices. Beyond the offices, there is a large kitchen, with ladies & gents WC's.

To the first floor there are 4 separate offices and a further WC.

The property benefits from gas central heating, and an alarm system, with a further fire escape door back to its own car park.

LOCATION
The property is situated on a mixed residential and commercial road just a short walk from the Tesco led New Square retail development. Local occupiers include Tesco, Next, River Island, Greggs, Primark and Prezzo.

Enjoying a premier location in West Bromwich, The Old Hall is situated just 1 mile from Junction 1 of the M5 Motorway, and within easy walking distance of the Town Centre, Metro and Bus Station. Bratt Street itself can be easily accessed via the main A41 Expressway.

TENANCY
The property is let in its entirety to Family Action, (a registered charity) on a 10 year FRI lease from 29/08/2016.

There are options to determine at 29/08/2018, 29/08/2019 and 29/08/2022.

The passing rent is 25,000 per annum with a rent review at the fifth anniversary.

COVENANT INFORMATION
Family Action are a registered national charity (number 264713), who reported an annual turnover of 22.124 million for the year end 31st March 2015.

VAT
We are advised that VAT does not apply in this instance, however, prospective purchasers should satisfy themselves in this regard.

EPC
Available upon request.

More information from this agent

Nearest stations

  • Lodge Road, West Bromwich Town Hall (0.3 mi)
  • Dartmouth Street (0.4 mi)
  • West Bromwich Central (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Lodge Road, West Bromwich Town Hall (0.3 mi)
  • Dartmouth Street (0.4 mi)
  • West Bromwich Central (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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