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New Rd - Trinity Point
38,396 SF Office Unit Offered at £3,550,000 in Halesowen B63 3HY
Investment Highlights
- Multi let Town Centre Office
- Total (NIA) 38,396 ft2 (3,567 m2) approx
- Site Area 0.79 Acres (0.32 Hec) approx
Property Facts
| Price | £3,550,000 | Building Class | B |
| Unit Size | 38,396 SF | Number of Floors | 7 |
| No. Units | 1 | Typical Floor Size | 14,000 SF |
| Total Building Size | 85,472 SF | Year Built | 1971 |
| Property Type | Office (Unit) | Lot Size | 0.79 AC |
| Sale Type | Investment | Parking Ratio | 1.87/1,000 SF |
| Price | £3,550,000 |
| Unit Size | 38,396 SF |
| No. Units | 1 |
| Total Building Size | 85,472 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 7 |
| Typical Floor Size | 14,000 SF |
| Year Built | 1971 |
| Lot Size | 0.79 AC |
| Parking Ratio | 1.87/1,000 SF |
1 Unit Available
Unit West Side
| Unit Size | 38,396 SF | Sale Type | Investment |
| Price | £3,550,000 | Tenure | Freehold |
| Price Per SF | £92.46 | Net Initial Yield | 10.52% |
| Unit Use | Office | NOI | £373,460 |
| Unit Size | 38,396 SF |
| Price | £3,550,000 |
| Price Per SF | £92.46 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 10.52% |
| NOI | £373,460 |
Description
The property is held Freehold.
The purchase also include the freehold of the East Wing which was sold to Halesowen College in 2023 on a 999-year lease at peppercorn ground rental.
Sale Notes
The property is available at £3,550,000 exclusive, subject to contract.
This reflects a Net Initial Yield at 10.52% when taking into consideration purchaser's costs at 6.20% and a low capital value of £102.88 ft2.
Amenities
- Controlled Access
- Concierge
- Kitchen
- EPC - E
- Bicycle Storage
- Common Parts WC Facilities
- Lift Access
- Natural Light
- Open-Plan
- Partitioned Offices
- Reception
- Wi-Fi
- Air Conditioning
-
Edward Siddall-Jones -
Siddall Jones
Presented by
New Rd - Trinity Point
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