Investment - Office property for sale 4 St Kenelm Court, Halesowen, West Midlands, B62 8HD
£295,000
- 2260 sqft
Key Details
- 2,260 sq ft of well specified accommodation with 6 designated parking spaces within managed car park.
- Positioned on the highly sought-after Coombs Wood Business Park, an established commercial location.
- Let to Brown & Brown Insurance Brokers (UK) Ltd, a subsidiary of multi $billion revenue NYSE listed business at a current rent of £29,380 per annum
- 10-year FR&I lease from 24th February 2024.
- Offers in the region of £295,000.
- Net initial yield of 9.65%, assuming usual purchaser’s costs.
This attractive, self-contained two-storey office building is set within a modern and well-established business development, benefiting from dedicated car parking spaces.
Ground Floor
The ground floor comprise of a mix of open-plan and private offices, complemented by glazed partitioning boardroom. The space is finished with
a combination of laminate flooring and carpeting, along with perimeter trunking and kitchenette area.
First Floor
The first floor comprises of a spacious open-plan office suite, fully carpeted and featuring perimeter trunking, a suspended ceiling, and recessed lighting. The property further benefits from male, female, and accessible WC facilities, along with full air conditioning throughout.
Externally, the building offers six dedicated parking spaces, plus shared use of visitor parking. Additional on-street parking is readily available nearby on Steel Park Road.
The property is prominently positioned on the highly sought-after Coombs Wood Business Park, an established commercial location just one mile north of Halesowen town centre.
It benefits from excellent connectivity, with convenient access to the M5 motorway at Junctions 2 and 3, providing strong links to the wider motorway network and the West Midlands region.