Wolverhampton Street, Dudley, West Midlands, DY1

This purpose-built office premises provide three floors of predominantly open plan office suite is wholly let to The Secretary of State for Housing, Communities and Local Government (operating as a Job Centre Plus) to the 31st May 2030.
Alexander House occupies the corner position overlooking Wolverhampton Street and Gads Lane. The building has 27 allocated parking spaces at rear accessible from a shared access with both Russell and Inhedge Houses (fully let) from Wolverhampton Street via Gads Lane.
The tenant has recently undertaken a comprehensive and ongoing programme of maintenance including a new heating system, security, fit out and works to the roof.
The area has established occupiers such as the Magistrates Court Talbots Solicitors and this occupier has been established at this location for c.15 years. Nearby facilities include the Town Centre High Street, cafes, shops, bars, railway station and bus station.
All service charges, utilities, insurance, maintenance, VAT and Business Rates are payable by the occupier in addition (please contact Agent for further assistance).
Key information:
* Alexander House has a NIA of 13,262 sq ft (1,232 sq m)
* FRI Protected Lease Term: 1st Jun 2020 to 31st May 2030 (break date has passed)
* Passing rent is £99,000 pax (set at 31st May 2023 Rent Review)
* EPC C75 (some improvements have been made to the heating system since assessment in 2018)
* VAT is Applicable
The Guide Price for the Freehold WM336596 is £1,100,000 (9% ARY or 8.57% allowing 5% for costs)
For further information or to arrange an inspection, please contact Anthony Wiggins on .