3 Blackberry Lane, Halesowen
For Sale - £150,000
3 Blackberry Lane Halesowen, B63 4NX 3 Blackberry Lane, Halesowen, B63 4NX
Floor Area (Max)
4,334 SqFt ( 403 SqM )
This ground floor premises is situated on Blackberry Lane in Halesowen and is currently occupied by a car garage. The property is accessed via a driveway leading to large workshop with several ancillary rooms including an office and storage space.
The current lease dated 26th February 1996 for an original term of 6 years has now expired. The lease is now in holdover and it is understood that the tenant pays rent totalling £12,000 per annum.
At asking price the investment represents a 7.86% net initial yield (after assuming standard purchaser's costs.)
The property is located less than a mile from Halesowen Town Centre, on a densely populated residential estate known locally as 'The Huntlands'. Blackberry Lane is situated off the B4183 Hagley Road, which provides a convenient connection to the A456, linking local cities and towns including Stourbridge (6 miles), Birmingham (9 miles) and Kidderminster (10 miles). Junction 3 of the M5 is 2 miles away.
Workshop - 80 x 35 = 2586 sq ft
Office - 14.11 x 11.03 = 169 sq ft
Store 1 - 32.02 x 20.08 = 665 sq ft
Store 2 - 13.05 x 10.10 = 146 sq ft
Driveway - 26.07 x 13.10 = 369 sq ft
Hallway - 11.04 x 11.02 = 128 sq ft
We are instructed to seek offers in the region of £150,000 for the Freehold interest.
Chris Jeffries/Harvey Pearson 01384 374888 firstname.lastname@example.orgemail@example.com
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