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Office for sale

£235,000 (£106.82/sq. ft) Offers over

3, St Kenelm Court, Unit 3, St. Kenelm Court, Halesowen B62

Office for sale 2,200 sq. ft*
Interested in this property? Call +44 121 659 8498 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Description

St Kenelm Court comprises a contemporary office development of four self-contained offices arranged in an “l” shaped terrace.

The property comprises a modern two storey office building of which the ground floor was sold off on a 999-year lease.

The property has been built to a high standard and includes: Solid floor construction with carpet floor covering, perimeter trunking with power and data points, suspended ceilings with inset LED lighting, double glazed windows, intercom access and intruder alarm. The property is heated via gas fired heating system with radiators throughout.

Externally the property benefits from landscaped surroundings and 6 allocated car parking spaces.

Location

St Kenelm Court is situated within the Coombswood Business Park a modern business park developed by St Modwen in 2006 and situated to the north of Halesowen Town Centre.

The property is accessed of the A4099 Coombs Road and provides access to both Junctions 2 and 3 of the M5 motorway both within a short distance.

Halesowen town centre is approximately half a mile away with Birmingham city centre is approximately 10 miles away via A456.

Terms

Offers in excess of £235,000 are sought for the Freehold interest, subject to contract.

A purchase at this level reflects a Net Initial yield of 6.94% when considering purchase costs of 1.22% and a low capital value of £207 ft2.

Tenancy Information

The first floor is let to Sure Maintenance Ltd (who have been in occupation from when the building was constructed in 2006) on a renewed lease from 16th October 2019 to 15th October 2025 at a passing rental of £16,500 per annum.

The Ground Floor has been sold of Long leasehold for a term of 999 years from 2020, at a peppercorn rent.

Tenant Profile

Sure Maintenance Ltd, are a national gas, mechanical, electrical and property maintenance contractor. Established over 45 years they provide maintenance to over 160,000 homes and businesses across the UK with regional offices in Manchester, London and Halesowen.

Property info

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Siddall Jones Limited, B18 on +44 121 659 8498 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Siddall Jones Limited, and do not constitute property particulars. Please contact Siddall Jones Limited for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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