1-2 Hagley Court North, Waterfront East Business Park, Brierley Hill, West Midlands, DY5 1XF

Ideal Owner Occupier / Investment Opportunity

Property details

Type Investment, Office
Tenure 999 years (less 6 days) from 25/03/1989 at a peppercorn ground rent. There are rights granted across the wider development.
Size 535.80 Sq. m - 5,765 Sq. Ft.
Price Offers based on £325,000
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  • Established mixed commercial and leisure park
  • Close to Merry Hill centre & proposed new Metro line
  • Ideal turnkey opportunity for owner occupier
  • Two story building extending to 5,765 sq. ft 536.05 sq m)
  • 4 allocated car spaces plus free 1,500 space communal car park
  • Brand new boilers, glazed meeting rooms, LED lighting

The property comprises two former single units opened to provide two stories of open plan and cellular modern office accommodation. The property benefits from two separate entrances each with stairwell access to the first floor. The ground floor comprises a welcoming reception leading to a number of glazed conference/meeting rooms together with an open plan kitchen and dining staff breakout area. To the first floor there is a further kitchenette serving the open plan office accommodation which benefits from upgraded LED lighting, raised floors, and suspended ceilings.

Each floor has two sets of male & female WC’s accessed from the central core. The vendor has recently installed two brand new gas central heating boilers which serve the property’s wall mounted radiators.

Brierley Hill is centrally located in the Black Country, 12 miles west of Birmingham city centre, 9 miles south of Wolverhampton and 3 miles southwest of Dudley. The area is dominated by the commercial developments of Merry Hill Shopping Centre and both Waterfront East and Waterfront Business Park. The area has been transformed since the mid 1980’s and has good road links through the Black Country and out to the M5 motorway. Junction 2 is 5 miles to the east while Junction 3 is 7 miles to the southeast. The A4036 runs north through the area to Dudley and south towards Hagley and Stourbridge. The Waterfront development is centered around the Dudley Canal and was built in early 1989 providing commercial accommodation for a wide variety of public and private organizations and employing over 4,000 on the park. Waterfront East Business Park lies on the east side of the canal basin comprising 750,000 sq. ft. of office and leisure space, it has historically attracted government departments, regional and local professional firms. Around Hagley Court there are an array of legal, accountancy, insurance, and recruitment companies.
Security fob access
Reception area
Server room
Raised floors
Suspended ceilings
LED lighting
Glazed conference/meeting rooms
Kitchen & dining breakout area
First floor kitchenette
Double glazed windows
Open plan first floor
New gas central heating boilers
Open plan first floor (may split)
Ground Floor - 268.50 Sq. m - 2,889 Sq. Ft.
First Floor - 267.30 Sq. m - 2,876 Sq. Ft.
Total - 535.80 Sq. M - 5,765 Sq. Ft.
There are four car spaces allocated to the property and the wider development has public parking to the front of the scheme along the canal basin which is free but limited to a maximum stay of 5 hours.
There is a large communal car park to the east of the scheme which has 1,500 spaces, this is also free and has no time restrictions.
999 years (less 6 days) from 25/03/1989 at a peppercorn ground rent. There are rights granted across the wider development.
Offers based on £325,000 are sought for the long leasehold interest, equating to a low £56 psf.
Additional Information
Service Charge: The estate service charge covers services, car parks, canal, and access roads. The most recent budget for the subject unit is £12,607 per annum which is 1.55% of the overall Waterfront Estate budget. Full service charge information can be provided on request.
Any figures mentioned within this brochure are exclusive of any VAT that may be payable.
Available upon request.
Legal Costs
Each party are responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
535.80 Sq. m - 5,765 Sq. Ft.