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Civic Chambers, Great Cornbow, Halesowwn, Halesowen

POA
Hexagon Commercial Property, Stourbridge
SIZE AVAILABLE

13,164 sq ft

1,223 sq m

SECTOR

Commercial property for sale

Key features

  • COMPRISING 24 APARTMENTS & 1 RETAIL UNIT
  • GROSS RENTAL INCOME - £206,340 PAX
  • RARE FREEHOLD OPPORTUNITY

Description

Hexagon Commercial Property are delighted to present a rare opportunity to acquire a substantial freehold residential investment in the heart of Halesowen Town Centre. The property, known as Civic Chambers and formerly the Halesowen Civic Offices, has been expertly redeveloped into a collection of modern residential units. Blending contemporary living with the character of a historic building, the scheme comprises a mix of apartments, townhouses, and a retail unit, offering a well-balanced and appealing investment. Civic Chambers generates a total annual passing rent of £206,340, with one unit currently vacant-providing an opportunity for rental uplift and future income growth. Based on the asking price of £2,700,000, this reflects a net initial yield of approximately 7.25%. This is a compelling investment offering immediate income, strong underlying asset value, and potential for enhanced returns in a highly accessible town centre location.
A full schedule of all the tenancies and related rents can be provided upon request.
Situated in the vibrant centre of Halesowen, the Civic Chambers benefit from proximity to the pedestrianised shopping area, offering residents easy access to a range of amenities, including shops, cafes, and public transport links. The location is ideal for attracting tenants seeking convenient urban living.
Freehold
The apartments are listed as Council Tax Band A. Payment of the Council Tax is the responsibility of the individual tenants.
We are instructed to seek offers in the region of £2,750,000 for the freehold interest.

Brochures

Civic Chambers, Great Cornbow, Halesowwn, Halesowen

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Old Hill Station1.6 miles
  • Rowley Regis Station2.1 miles
  • Cradley Heath Station2.3 miles

About Hexagon Commercial Property, Stourbridge

The Auction House 87/88 St. Johns Road, Stourbridge, DY8 1EH

Previously known and branded as Lex Allan Commercial, Hexagon are a Stourbridge based bespoke Commercial Property Solutions provider trading from the premises of Lex Allan (The Auction House).

Offering Commercial Property services in lettings, sales, acquisitions, management and more in the Stourbridge, Halesowen, Lye, Brierley Hill, Kingswinford, Netherton and surrounding areas.

Having built a strong reputation as Lex Allan Commercial we continue to offer a full range of agency and management services and are retained by both local and regional property investors and National operators.

Our exemplary breadth of Commercial Property experience in the Black Country and surrounding areas means Hexagon are well positioned to offer informed and incisive advice on all commercial property related matters. All of our staff members live within the area's which we cover therefore allowing them to provide informed advice and up to date information.

Notes

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Disclaimer - Property reference 55492. 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 Hexagon Commercial Property, Stourbridge. 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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