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52 - 54 Wharf Approach

Investment, For Sale

Address

52 - 54 Wharf Approach, Anchor Brook Industrial Park, Aldridge, Walsall, WS9 8BX.

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Detailed Specification

  • Size: 29,704 sq ft (2,759.6 sq m)
  • Price/ Rent: Offers in region of £4,250,000, reflecting a net initial yield of 8% after allowing for purchaser's costs of 6.5%
  • Accommodation:

    All measurements are approximate:

    UNIT  SQ FTSQ M 
    52G/F Offices5,541514.8
    F/F Offices5,051469.3
    Warehouse4,392408.0
    Sub-Total14,9841,392.1
    LinkG/F Offices28026.0
    F/F Offices26524.6
    Sub-Total54550.6
    54G/F Offices5,716531.0
    F/F Offices5,205483.6
    Warehouse3,254302.3
    Sub-Total17,1751,316.9
    TOTAL29,7042,759.6
  • Planning: We understand all mains services are available.
  • Local authority: Walsall Metropolitan Borough Council Tel: 01922 650000.
  • Tenancy: TENANCY: The property is let to M & J Construction Ltd on an effective full repairing and insuring terms from 26/11/2019 with lease expiry on 30/11/2029. The current rent passing is £360,415 per annum (£12.15 psf). There is an upwards only rent review on 01/12/2026. The lease is subject to a Schedule of Condition.
  • Viewing: Strictly by prior appointment with the Agent's Cannock office.
  • Energy Performance Certificate (E.P.C.): Energy Performance Certificate Ratings: Unit 52 - C65 and Unit 54 - C53.
  • V.A.T.: The properties are elected for VAT and it is anticipated the transaction will be treated as a transfer of a going concern (TOGC).
  • Legal Cost: Each party is to be responsible for their own legal and professional costs in this matter.
  • Terms: TENURE: 999 years Long Leasehold with a peppercorn rent.
  • Further Information:

    For a brochure and further information please contact either:-

    Edward Home    – mobile: 07976 302003.  Email: ed@adixon.co.uk or

    Andrew Hartley – mobile: 07812 489720.  Email: andrew@adixon.co.uk

    Joint Agent MK2

    Mark Johnson - 07748 105815.  Email: mjohnson@mk2.co.uk 

    Max Souter - mobile: 07778 720516.  Email: msowter@mk2.co.uk  

Details

Property reference:
CA/BP/2403/ELH

Address:
52 - 54 Wharf Approach, Anchor Brook Industrial Park, Aldridge, Walsall, WS9 8BX.

Location:
The property is prominently situated on Wharf Approach on the popular and well established Anchor Brook Industrial Park in Aldridge. It lies approximately 1 mile from Aldridge town centre and 4 miles from Walsall town centre via the A461 and 5 miles from junction T6 of the M6 Toll Road and 5.5 miles from junction 10 of the M6 motorway which in turn leads to the M5.
Other occupies within the area include Horizon Drinks, Oakland Furniture, Ibstock Brick, Perfect Group and Farcroft Group.

Description:
The units are of steel portal frame construction with metal clad walls and roof with translucent light panels and were constructed in 2006. The tenant has had solar panela and EV charges installed. Each unit has a warehouse and ground and first floor office accommodation. The warehouses have concrete floors, electric roller shutter doors, gas fired blowers and has an eaves height of 7.1m up to 8m. The office accommodation benefits from double glazing, gas fired central heating, air conditioning, suspended ceilings, perimeter trunking, male, female and disables wcs, kitchen and staff areas, separate meeting rooms and executive areas. Parking is to the rear of the units.

Disclaimer: Messrs. Andrew Dixon & Co. (and their joint agents, where applicable) for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that : (1) The particulars are set out as a general outline for the guidance of intending purchasers or lessors, and do not constitute, nor constitute part of, an offer or contract. (2) Any information contained herein (whether in the text, plans or photographs etc.) is given in good faith but without responsibility and is believed to be correct. Any intending purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No employee of Messrs. Andrew Dixon & Co. has any authority to make or give representation or warranty whatsoever in relation to this property. (4) Whilst every care has been taken to prepare these particulars, we would be grateful if you could inform us of any errors or misleading descriptions found in order that we may correct them in our records.