Waterfront West, Dudley Road, Brierley Hill, West Midlands, DY5

Description

The property comprises first floor open plan and cellular modern office accommodation. The property comprises a welcoming reception area leading to the office space area. To the first floor there is a further kitchenette serving the open plan office accommodation with raised floors, and suspended ceilings. There are male & female WC's, and the property benefits from gas central heating.

Location

Brierley Hill is centrally located in the Black Country, 12 miles west of Birmingham city centre, 9 miles south of Wolverhampton and 3 miles southwest of Dudley. The area is dominated by the commercial developments of Merry Hill Shopping Centre and both Waterfront East and Waterfront Business Park. The area has been transformed since the mid 1980's and has good road links through the Black Country and out to the M5 motorway. Junction 2 is 5 miles to the east while Junction 3 is 7 miles to the southeast. The A4036 runs north through the area to Dudley and south towards Hagley and Stourbridge. The Waterfront development is centred around the Dudley Canal and was built in the early 1989 providing commercial accommodation for a wide variety of public and private organisations and employing over 4,000 on the park. Waterfront East Business Park lies on the east side of the canal basin comprising 750,000 sq. ft of office and leisure space, it has historically attracted government departments, regional and local professional firms. Around Hagley Court there are an array of legal, accountancy, insurance, and recruitment companies.

Accommodation

The first floor accommodation extends to extends to 2,106 Sq. ft (195.60 Sq. m.)

External

There are seven car spaces allocated to the property and the wider development has public parking to the front of the scheme along the canal basin which is free but limited to a maximum stay of 5 hours. There is a large communal car park to the East of the scheme which has 1,500 spaces, this is also free and has no time restrictions.

Tenancy

The property is available by way of a sublet of the existing lease which commenced on 25/5/2023 and expires on 24/5/2028 at a passing rent of £21,000 per annum.

Service Charge

The estate service charge covers services, car parks, canal, and access roads and the tenant is responsible for a proportionate contribution. Full service charge information can be provided on request.

VAT

We are advised that VAT is applicable on rent and service charge.

EPC

Available upon request.

Legal Costs

Each party are to be responsible for their own legal costs that may be incurred in this transaction.

Anti Money Laundering

In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.