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Premier Industrial EstateLeys Road, Brierley Hill
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- Sole agency
- Freehold
Key features
- Highly Reversionary Freehold Multi-Let Industrial and Ground Rent Investment
- Investment let at £33,863 pa (plus 3 units and a yard vacant)
- Immediate asset management potential to increase rents and let the vacant units
- Benefits from three further open storage sites totalling a further 0.42 acres
- Industrial units are passing off a low rent of £3.77 per sq ft
Freehold Multi-Let Industrial and Ground Rent Investment comprising approximately 767.93 sq m (8,266 sq ft). Investment let at £33,863 pa (plus vacant units).
About this property
The occupational estate comprises 11 units arranged across two terraces and three open storage / yard areas. There are 8 units let and 3 units vacant, with immediate asset management potential to re-let the vacant units and increase the passing rent. The wider estate, included in the freehold on long leases are 51 units sold on 11 leases. Specification of the units differ across the two terraces, with units 33 -44 being of brick-and-mortar construction with corrugated metal roofing. Units 49B and 50 have brick-and-mortar elevations with metal sheet profile cladding and metal roofing. The units are self-contained with concrete floors, access and roller shutter loading doors. Each unit benefits from a number of dedicated parking spaces. Units 49B and 50 have their own WC, whereas the remainder benefit from a communal WC. The entire site extends to 13.40 acres (5.42 hectares).The occupational units are hatched purple on the adjacent plan, whilst the long leasehold elements are hatched green.
Local information
- Premier Industrial Estate is situated in the area of Brockmoor, 1.3 miles to the West of Brierley Hill. The estate is well positioned and in an established industrial area, surrounded by various other industrial occupiers and industrial estates. Premier Industrial Estate is accessed from Leys Road, which in turn connects to the A491 with Stourbridge to the South and Wolverhampton to the North.
Additional information
- Highly Reversionary Freehold Multi-Let Industrial and Ground Rent Investment comprising approximately 767.93 sq m (8,266 sq ft) over 11 units.
- Investment let at £33,863 pa (plus 3 units and a yard vacant)