Totalling approximately 2,818.49 sq m (30,338 sq ft)
Approximate site area of 0.40 hectares (0.98 acres)
Situated in established industrial location
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 77
Auction 19th May 2016
Rent £84,578 per Annum Exclusive
Status Sold
Price £728,000
Sector Industrial, Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
1 mile north-east of Dudley, 9 miles north-west of Birmingham
Roads
A461, A4123, A41, M5 (Junction 2)
Rail
Dudley Port Railway Station
Air
Birmingham International Airport
Situation
The property is situated in an established industrial location 1 mile north-east of Dudley town centre, on the north side of Fisher Street at its junction with Conygree Road, off Dudley Port (A461). Nearby occupiers include Vets4Pets, Pure Gym, and Subway.
Tenure
Freehold.
Location
Miles
1 mile north-east of Dudley, 9 miles north-west of Birmingham
Roads
A461, A4123, A41, M5 (Junction 2)
Rail
Dudley Port Railway Station
Air
Birmingham International Airport
Situation
The property is situated in an established industrial location 1 mile north-east of Dudley town centre, on the north side of Fisher Street at its junction with Conygree Road, off Dudley Port (A461). Nearby occupiers include Vets4Pets, Pure Gym, and Subway.
Tenure
Freehold.
Description
Fisher Street Business Centre comprises 25 industrial units each benefiting from a roller shutter door and individually metered electricity. The business centre is accessed from Fisher Street and benefits from a shared service yard, car parking and a site area of approximately 0.40 hectares (0.98 acres).
Six Week Completion
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Fisher Street Business Centre comprises 25 industrial units each benefiting from a roller shutter door and individually metered electricity. The business centre is accessed from Fisher Street and benefits from a shared service yard, car parking and a site area of approximately 0.40 hectares (0.98 acres).
Six Week Completion
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Unit 1
Ground
Industrial
139.35 sq m
(1,500 sq ft)
INDIVIDUAL
3 years from 01/02/2016
£4,500
31/01/2019
Unit 2
Ground
Industrial
46.45 sq m
(500 sq ft)
DIRECT AUTOMATION LIMITED
3 years from 01/11/2015
£2,600
31/10/2018
Unit 3
Ground
Industrial
46.45 sq m
(500 sq ft)
CW SPINNINGS LIMITED
1 year from 01/02/2015
£2,000
Holding over (1)
Unit 4
Ground
Industrial
69.68 sq m
(750 sq ft)
INDIVIDUAL
1 year from 28/08/2014
£3,000
Holding over (2)
Unit 5
Ground
Industrial
46.45 sq m
(500 sq ft)
INDIVIDUAL
1 year from 03/08/2015
£2,000
02/08/2016
Unit 6
Ground
Industrial
69.68 sq m
(750 sq ft)
CATERPAK LIMITED
99 years from 01/07/2000
£2,888
01/07/2099
Unit 7
Ground
Industrial
69.68 sq m
(750 sq ft)
VACANT
Unit 8
Ground
Industrial
46.45 sq m
(500 sq ft)
INDIVIDUAL
1 year from 01/02/2015
£2,250
Holding over (3)
Unit 9
Ground
Industrial
44.31 sq m
(477 sq ft)
INDIVIDUAL
1 year from 22/10/2014
£2,100
Holding over
Unit 10
Ground
Industrial
92.90 sq m
(1,000 sq ft)
INDIVIDUAL
1 year from 08/10/2014
£3,500
Holding over
Unit 11
Ground
Industrial
70.70 sq m
(761 sq ft)
INDIVIDUAL
1 year from 14/03/2016 (6)
£2,600
13/03/2017
Unit 12
Ground
Industrial
69.68 sq m
(750 sq ft)
ALL SECURE GARAGE & IND. DOORS
1 year from 06/04/2015
£3,100
Holding over (4)
Unit 13
Ground
Industrial
185.80 sq m
(2,000 sq ft)
PCH UMBRELLA SERVICES LIMITED
1 year from 03/06/2014
£4,000
Holding over (5)
Unit 14
Ground
Industrial
60.39 sq m
(650 sq ft)
THOR CIVILS LIMITED
1 year from 21/07/2015
£2,925
20/07/2016
Unit 15
Ground
Industrial
348.38 sq m
(3,750 sq ft)
SNM PIPELINES LIMITED
1 year from 28/09/2015
£9,000
27/09/2016
Unit 16
Ground
Industrial
60.39 sq m
(650 sq ft)
INDIVIDUAL
1 year from 29/12/2015
£2,975
28/12/2016
Unit 17
Ground
Industrial
60.39 sq m
(650 sq ft)
INDIVIDUAL
1 year from 16/11/2015
£2,650
15/11/2016
Unit 18
Ground
Industrial
353.03 sq m
(3,800 sq ft)
INDIVIDUAL
3 years from 03/05/2016 (6)
£5,700
02/05/2019
Unit 19
Ground
Industrial
60.39 sq m
(650 sq ft)
INDIVIDUAL
1 year from 19/04/2015
£2,925
Holding over
Unit 20
Ground
Industrial
60.39 sq m
(650 sq ft)
HARDYMAN GROUP LIMITED
1 year from 01/04/2015
£2,925
Holding over
Unit 21
Ground
Industrial
60.39 sq m
(650 sq ft)
MIDLAND UPVC WINDOWS & DOORS LIMITED
1 year from 02/11/2015
£2,925
Holding over
Unit 22
Ground
Industrial
60.39 sq m
(650 sq ft)
UP SERVICES LIMITED
1 year from 09/11/2015
£2,700
08/11/2016
Unit 23
Ground
Industrial
83.61 sq m
(900 sq ft)
INDIVIDUAL
2 years from 01/05/2016
£3,315
30/04/2018
Unit 24
Ground
Industrial
278.71 sq m
(3,000 sq ft)
VACANT
Unit 25
Ground
Industrial
334.45 sq m
(3,600 sq ft)
G&J TESTING AND SERVICING LIMITED
3 years from 18/05/2015
£12,000
17/05/2018
Totals
2,818.49 sq m
(30,338 sq ft)
£84,578 (7)
(1) New lease being agreed at same terms for 1 year (renewal). (2) New lease out for signature – 3 years from 28th August 2015 at £3,000 p.a.x. (3) New lease out for signature at the same rent (renewal). (4) New lease out for signature at the same terms – 1 year at £3,100 p.a.x. (5) New lease signed to take expiry to 30th May 2016 – awaiting completion. (6) The lease is in the solicitor’s hands due to complete imminently. (7) The landlord pays Severn Trent Canal £2,000 p.a. Therefore the current net rent is £82,578 p.a.x..
