Falcon House The Minories Dudley West Midlands DY2 8PG

Falcon House
The Minories
Dudley
West Midlands
DY2 8PG

Substantial Freehold Office Investment

  • Tenants include Dudley & Walsall Mental Health Partnership NHS Trust and The Borough Council of Dudley
  • Established office location within the town centre
  • Totalling approximately 8,230.79 sq m (88,597 sq ft)
  • Asset management opportunities
  • Residential redevelopment potential (subject to consents)
  • On-site car parking for approximately 200 cars
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    22
  • Auction
    11th February 2016
  • Rent
    £114,245 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Substantial Freehold Office Investment

  • Tenants include Dudley & Walsall Mental Health Partnership NHS Trust and The Borough Council of Dudley
  • Established office location within the town centre
  • Totalling approximately 8,230.79 sq m (88,597 sq ft)
  • Asset management opportunities
  • Residential redevelopment potential (subject to consents)
  • On-site car parking for approximately 200 cars
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 22
  • Auction 11th February 2016
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
9 miles west of Birmingham, 6 miles south of Wolverhampton, 30 miles north of Worcester
Roads
A461, A4036, A4123, M5
Rail
Dudley Port Railway Station
Air
Birmingham Airport
Situation

Dudley is a major town 9 miles west of Birmingham City Centre. The property is prominently situated on Minories Road, at its junction with New Mill Street in the heart of the town centre and close to the bypass, providing excellent access to the M5 Motorway. There is a planned Midland Metro extension for Castle Hill, which is situated approximately 0.5 miles away from Falcon House.

Tenure

Freehold.

Location
Miles
9 miles west of Birmingham, 6 miles south of Wolverhampton, 30 miles north of Worcester
Roads
A461, A4036, A4123, M5
Rail
Dudley Port Railway Station
Air
Birmingham Airport
Situation

Dudley is a major town 9 miles west of Birmingham City Centre. The property is prominently situated on Minories Road, at its junction with New Mill Street in the heart of the town centre and close to the bypass, providing excellent access to the M5 Motorway. There is a planned Midland Metro extension for Castle Hill, which is situated approximately 0.5 miles away from Falcon House.

Tenure

Freehold.

Description

Falcon House is a substantial eight storey office building totalling approximately 8,230.79 sq m (88,597 sq ft) of office accommodation. The property benefits from air conditioning, 3 x passenger lifts and on-site car parking for approximately 200 cars.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

Falcon House is a substantial eight storey office building totalling approximately 8,230.79 sq m (88,597 sq ft) of office accommodation. The property benefits from air conditioning, 3 x passenger lifts and on-site car parking for approximately 200 cars.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground – West Office
377.00 sq m
(4,058 sq ft)
DUDLEY & WALSALL MENTAL
HEALTH PARTNERSHIP NHS TRUST
1 year from 24/02/2015 £28,399 £28,399
First – West Office
444.06 sq m
(4,780 sq ft)
VACANT POSSESSION      
Second – East Office
597.91 sq m
(6,436 sq ft)
VACANT POSSESSION      
Second – West Office
442.76 sq m
(4,766 sq ft)
VACANT POSSESSION      
Third – East Office
614.63 sq m
(6,616 sq ft)
VACANT POSSESSION      
Third – West Office
472.12 sq m
(5,082 sq ft)
VACANT POSSESSION      
Fourth Office
1,081.73 sq m
(11,644 sq ft)
VACANT POSSESSION      
Fifth Office
1,065.38 sq m
(11,468 sq ft)
VACANT POSSESSION      
Sixth – East Office
599.39 sq m
(6,452 sq ft)
VACANT POSSESSION      
Sixth – West Office
447.13 sq m
(4,813 sq ft)
VACANT POSSESSION      
Seventh – East
(13 Car Parking Spaces)
Office
599.39 sq m
(6,452 sq ft)
THE BOROUGH COUNCIL OF DUDLEY 1 year from 24/07/2015 £16,500 (23/07/2016)
Seventh – West Office
444.62 sq m
(4,786 sq ft)
VACANT POSSESSION      
Part Eighth
(16 Car Parking Spaces)
Office
765.78 sq m
(8,243 sq ft)
THE BOROUGH COUNCIL OF DUDLEY 5 years from
27/03/2013
£45,335 (26/03/2018)
Part Eighth Office
278.89 sq m
(3,002 sq ft)
VACANT POSSESSION      
Roof Telecom
Mast
TELEFONICA UK LIMITED 15 years from
23/09/2006 (1)
(14/03/2018) 22/09/2016
(21/09/2021)
Roof Telecom
Mast
AIRWAVE SOLUTIONS LIMITED 15 years from
14/03/2003 (2)
£250 (14/03/2018)
Roof Telecom
Mast
AIRWAVE SOLUTIONS LIMITED A term of years from
03/11/2006 (3)
£250 (13/03/2018)
Totals  
8,230.79 sq m
(88,597 sq ft)
    £114,245

(1) The lease is subject to a tenant option to determine on 22nd September 2016 on providing six months’ notice.
(2) The lease provides for a rolling landlord option to determine on 12 months’ notice.
(3) The lease automatically determines when the other lease to Airwave Solutions Limited determines.

Property Documents

  • Catalogue Page
    Updated Date
    14.11.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    14.11.19
    File Size
    64 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Associate Auctioneers
Bulleys Birchley House, Birchfield Lane
Oldbury
West Midlands
B69 1DT
Max Shelley 0121 544 2121max.shelley@bulleys.co.uk
Seller's Solicitors
Reed Smith LLP The Broadgate Tower, 20 Primrose Street
London
EC2A 2RS
Jamie Garside 0203 116 2806jgarside@reedsmith.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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