Black Country offices producing £115,000 a year rent up for auction from £750,000

Modern offices in an attractive Black Country location that currently bring in more than £115,000 rent a year are up for sale in our next auction.

The long leasehold property known as Dudley Court North at the Waterfront Business Park in Brierley Hill will have a guide price of £750,000+ in the livestreamed auction on Thursday 11 July.

Ian Tudor, commercial auction director at Bond Wolfe, explained that the offices had approximately 115 years left of unexpired lease, and came with established tenants paying a total of £115,029 a year.

Mr Tudor said: “This is a modern, well-presented office building with five suites on both the ground and first floors, together extending to approximately 16,106 sq ft. There are 21 allocated car parking spaces, with 10 underground and 11 above ground spaces. The property is gated out of hours and benefits from CCTV, 24-hour site security and extensive landscaped grounds.

It is part of the Waterfront Business Park which provides approximately 750,000 sq ft of high quality office accommodation within attractive landscaped surroundings. This location is supported by a full range of facilities including a hotel, bars, cafes, restaurants and apartments overlooking The Waterfront, with generous car parking adjacent to the Merry Hill Centre.”

The businesses renting offices at Dudley Court North are:

• Unit 1, ground floor, Inc Design Associates Ltd, paying rent of £10,260 a year on a five-year lease.
• Unit 1, first floor – Concept Technical Resources Ltd paying rent of £10,850 a year on a three-year lease.
• Unit 2, ground and first floors – Access UK Ltd, paying £20,519 a year on a five-year lease.
• Unit 3, ground and first floors – Evoscinc Ltd, paying £23,000 a year on a five-year lease.
• Unit 4, ground floor – Media Print Group Ltd, paying £14,000 a year on a five-year lease.
• Unit 4, first floor – Draycott Developments, paying £14,400 a year until September this year.
• Unit 5, ground floor – Adecco UK Ltd, paying £12,000 a year on a five-year lease.
• Unit 5, first floor – Wem Tech Solutions Ltd, paying £10,000 a year on a seven-year lease.

The Merry Hill complex has had considerable infrastructure improvements in recent years, particularly relating to the road network.

These works will culminate in the extension of the Midland Metro line with a new Metro station being located at the Waterfront, providing direct access to Birmingham city centre, the national railway network and Birmingham International Airport. There is also good access to the national motorway network via junction 3 of the nearby M5 motorway.

Dudley Court North is among 194 properties that are appearing in Bond Wolfe’s next auction, which will start at 8.30am on Thursday 11 July.