Oak Street Trading Estate

Oak Street, Brierley Hill, DY5 2JQ
Under Offer
Oak Street Trading Estate
Oak Street, Brierley Hill, DY5 2JQ
  • High yielding multi let industrial estate.
  • Excellently situated off the junction of A036 and A100.
  • Close proximity to the amenity off High Street and the nearby Merry Hill Shopping Centre.
  • Self contained industrial scheme extending to 45,564 sq ft.
  • Site area of 2.01 acres (0.81 hectares) providing a site coverage of 45%.
  • Multi let to 16 tenants with a total headline rent of £180,322 per annum reflecting a low overall rent of £3.96 per sq ft.
  • Opportunity to increase value through asset management.
  • Refurbishment or Redevelopment to industrial or alternative use.
  • Freehold.

We are instructed to seek offers in excess of £1,658,000 (One Million Six Hundred and Fifty Eight Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 10.25%, a reversion to approximately 13.80% and low capital value of £36.39 per sq ft after allowing standard purchasers costs.

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