Landchard House, Victoria Street, West Bromwich, Sandwell, B70 8ER
A multi-let office investment opportunity in West Bromwich
- Prominent town centre office investment opportunity.
- Potential for future redevelopment.
- The property provides 26,001 sq.ft. (2,416 sq. m) .
- A passing rent of £169,000 per annum.
- A conservative ERV of £268,489.
- 61 car parking spaces.
- Freehold - Offers in the region of £3,200,000
LocationWest Bromwich is a large Black Country town within the Metropolitan Borough of Sandwell and lying approximately 5 miles West of Birmingham. The offices are located in Victoria Street, which leads off the main West Bromwich High Street, with Junction 1 of the M5 motorway approximately 1 mile away. Additionally, the metro station and bus station are both within easy walking distance. The property is also close to the new Tesco led New Square development which includes leisure facilities and a range of shops, cafes and restaurants.
The property comprises a substantial purpose built office block, with versatile accommodation set on ground and 3 upper floors served by a passenger lift. A large ground floor reception area with commissionaire facilities provides access to both the upper floor accommodation and the rear secure car park. The accommodation extends to 26,001sq.ft compromising a variety of different sized office suites over the 1st, 2nd and 3rd floors. Office suites are configured in predominately open plan layout benefitting from central heating, suspended ceilings, carpeting throughout , with secure parking and lift access to all floors. There is a secure gated on-site car park totaling 50 spaces to the rear of the property.
AccommodationThe property comprises 11 suites arranged over first, second and third floor.
PriceOffers in the region of £3,200,000 are sought for the freehold interest.
TenancyPlease see the brochure for a full tenancy schedule.
VATWe are advised that VAT is payable, although it is anticipated that the transaction will be dealt with by way of a TOGC.
EPCAvailable upon request.
Legal CostsEach party are to be responsible for their own legal costs.
Anti Money LaunderingIn accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
7, 8 & 9 Lunn Poly House, Leamington Spa, Warwickshire, CV32 5PP
Investment, Retail For Sale
Offers in the region of £545,000