Financial Details
Asking price: £685,000
Sales revenue: £60,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
Advent Business Sales is delighted to have been instructed to offer to the market this excellent office block and former bonded warehouse for sale. The site has been owned and improved by the vendors for over a decade, and is now being sold as they wish to pursue alternative business interests.

The site is fully let, generating a rental income close to £60,000 per annum. In total, there are 3 long term tenants, all with leases ranging from 3 to 5 years. The vendor also occupies part of the property and would be happy to continue on a leasehold basis.

Leases are granted on a fully repairing basis. No substantial work on the building is required other than the usual routine maintenance.
REF: 9540B

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Property:Freehold
Location:This large office block and warehouse is located some 8 miles south west of Birmingham city centre. The building is sited on a busy industrial estate occupied by various offices, warehouses and businesses, both service and trade based. Beyond the estate perimeter is a densely populated suburb.

The A38 trunk road by passes the centre, giving access to the M5 motorway, less than 2 miles away. Alternatively, access to the M42 motorway is less than 4 miles away. Birmingham International Airport is less than 15 miles away to the east.

Birmingham is the UK’s second largest city and is located centrally. The city and its environs support the widest range of businesses, traditionally encompassing manufacturing and engineering enterprises. The area is also an important centre for the automotive industry. More recently, the city has emerged as a leading centre for financial and service based industries.
Premises Details:A former bonded warehouse with adjoining office block.

Ground Floor – Warehouse 1
• Main warehouse 6,313 sq ft incorporating rear mezzanine 632 sq ft, w/c’s, forecourt facilitating loading
Warehouse 2
• Main warehouse 2,147 sq ft incorporating rear mezzanine 334 sq ft, warehouse 2,490 sq ft, stores 181 sq ft, workshop 1,420sq ft
Office Building
• Entrance foyer
• Office 1 – 318 sq ft
• Office 2 – 107 sq ft
• Office 3 – 91 sq ft
• Office 4 – 123 sq ft
• w/c’s

First Floor
• Office building:
• Office 1 – 318 sq ft
• Office 2 – 107 sq ft
• Office 3 – 91 sq ft
• Office 4 – 244 sq ft
• Kitchen
• Store
Second Floor
• Office Building
• Office 1 – 318 sq ft
• Office 2 – 107 sq ft
• Office 3 – 91 sq ft
• Office 4 – 242 sq ft
• Kitchenette
• w/c’s

External
• 12 Car parking spaces to front
Expansion potential:Ideal opportunity for a property company or individual seeking a fully tenanted commercial property close to motorway links. Due to the locality of the building, this would also be ideal as a residential or even commercial re-development site.
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