Cridden Industrial Estate Dudley Road, Stourbridge, DY9 8EA

A Freehold part income producing Industrial Estate

Property details

Type Industrial
Tenure Freehold, subject to existing tenancies.
Price Offers in excess of £1,225,000
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  • Freehold Industrial estate set on approximately 0.75 acres
  • Comprising 5 Industrial units (totalling 22,771 sq ft) with large car park to fore
  • Huge Asset Management potential
  • Part income producing - £63,750 per annum
  • Potential income of £90,000 per annum once fully let
  • Offers invited on £1,225,000
Cridden Estate is situated on the main A4036 Dudley Road, approximately 0.25 mile from the Lye junction with the A458 Stourbridge Road. Lye Railway Station is 0.5 mile to the south and the motorway network is accessible via M5 Junction 3 which is approximately 4 miles away.

Cridden estate comprises a 0.75 acre (approx.) site incorporating five self-contained warehouse units set back beyond a gated entrance and car parking to the fore. Each unit is accessed via roller shuttered doors and benefit from large power input as well as mains Gas. The properties are currently part let and provide immense scope of asset management potential. Most of the units have been occupied for a long time by existing tenants at historic rents. Units 1 and 2 have the added benefit of each having a mezzanine floor, whilst Unit 3 has been the subject of a comprehensive fit out by the existing tenant.

Unit 1: Bay 2,753 sq ft, Mezzanine 575 sq ft (Total 3,328 sq ft)
Unit 2: Bay 2,830 sq. ft, Mezzanine 594 sq ft (Total 3,424 sq ft)
Unit 3: 6,613 sq ft
Unit 4: 4,950 sq ft (split into 20 storage units of 194 sq. ft. and 96 sq ft.
each) – see separate tenancy schedule
Unit 5: 4,456 sq ft
Offers are invited in excess of £1,225,000.
We are advised that VAT will not applicable on this transaction.
Available upon request.
Legal Costs
Each party are to be responsible for their own legal costs incurred in this transaction.
Anti Money Laundering
In accordance with Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.