Central Works, Peartree Lane, Dudley, West Midlands, DY2

This 42,129 sq ft industrial investment site, located in a prime area of the West Midlands, offers a fully rented and wellestablished portfolio of units, making it an excellent opportunity for investors seeking a stable income stream. The property is split into multiple versatile units, catering to a range of industries, all currently leased to reliable tenants. The site benefits from its strategic location, providing easy access to major transport links, including motorways and rail, ensuring optimal connectivity for tenants and future growth potential. With a strong rental income and the security of long-term tenancies, this property is an ideal addition to any investment portfolio.

Location :

Dudley is a large town located in the West Midlands, approximately 10 miles north west of Birmingham, 7 miles south of Wolverhampton and 22 miles south east of Telford. Dudley is served by good transport links approximately 3.4 miles north of the M5 (Jct2) via New Birmingham Road and also in close proximity to A4123 and A461 which provide main access routes to neighbouring towns. This property is situated to the south west of the town centre, in an estalished trade cpounter & light industrial area on Peartree Lane at it's junction with Blackbrook Road 300m east of the A4036 Pedmore Road.

Accommodation:

Unit 1A 7,829 Sq Ft

Unit 1B 2,666 Sq Ft

Unit 1C 1,704 Sq Ft

Unit 2A 9,225 Sq Ft

Unit 2B 2,960 Sq Ft

Unit 3A 5,199 Sq Ft

Unit 3B,C&4 11,1227 Sq Ft

Offices 1,319 Sq Ft

Tenure :

This site is available to purchase freehold. All Tenants are on active leases generating a total rental income of £2,450,000. The leases do have rent reviews which would allow any purchaser the option to increase rents at the suitable rent review dates.

Price :

Offers sought in the region of £2,450,000 for the freehold interest

Business Rates :

Potential buyers are advised to make their own enquiries in respect to the business rates.

VAT:

We are advised that VAT is applicable on this property. Interested parties are advised to make their own enquiries accordingly.

Legal Costs :

Each party to bear their own legal costs throughout the transaction.

Energy Performance Certificate :

The property has an asset rating of 'D97'. A full copy of EPC is available upon request.

Viewings :

Viewing are by appointment with sole agents, Galaxy Real Estate