156 HOCKLEY HILL, HOCKLEY, BIRMINGHAM, B18 5AN

THREE STOREY WAREHOUSE/OFFICES – FREEHOLD

Industrial/Warehouse

Investment

SOLD

£375,000
Location:

The building is situated on a prominent location fronting Hockley Hill, a busy slip road leading onto the A41 southbound into Birmingham City Centre.  The Hockley Circus roundabout forms part of the Birmingham Inner Ring Road (A4540). Junction 1 of the M5 is located within 3 miles of the subject property.  The A38(M) is located approximately 1 mile away connecting to the M6 and wider national motorway network.

Description:

The property comprises of a single storey warehouse/industrial unit at the rear with a three storey office building of brick construction surmounted by a flat felted roof to the front.  Internally the office building benefits from concrete floors, UPVC double glazed windows, suspended ceiling incorporating CAT II lighting, gas fired central heating, air conditioning, a kitchen and separate WC facilities.  The industrial unit benefits from a concrete floor, gas fired warm air heater blower, a mezzanine floor, fluorescent strip lighting, power points, a kitchenette and WC facilities.  There are electric metal roller shutters to the doors & windows to the front & rear of the property.

There are two areas at the rear adjacent to each other which are currently utilised for car parking which can hold up to 13 & 15 cars respectively.

Accommodation
Total Sq Ft:
7,615 Sq Ft
Total Sq M:
707 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected.

Terms:

The property is currently let on a 10 year full repairing & insuring lease with effect from 1st October 2010 at a passing rent of £28,000 per annum exclusive.  There is a tenant only break option at the 5th year of the term.  The rear car park is let on a monthly rolling licence, at a rent of £500 per calendar month bringing in a total of £34,000 pax.

Tenure / Price:

The freehold interest is available to purchase at a quoting price of £375,000.

Business Rates:

The property is currently listed within the 2010 rating listing as having a rateable value of £26,750. Rates payable will be in the region of £12,600 per annum respectively. Small business rate relief may apply.

Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.

Legal Costs:

Each party to be responsible for their own legal costs incurred during this transaction.

Viewing:
Strictly by prior appointment with the sole agents,
Mason Young Property Consultants.
Contact Details:
Arjamand Farooqui BSc (Hons)
Tel: 0121 285 3535
Mob: 07929 410 481
Email: af@masonyoung.co.uk

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