Premier Industrial Estate
Leys Road
Brierley Hill
West Midlands
DY5 3UP

Freehold Multi-let Industrial Investment

  • Substantial multi-let industrial estate comprising 35 units
  • Totalling approx 3,526.13 sq m (37,956 sq ft)
  • Approximate site area of 1.22 hectares (3 acres)
  • Established and well located industrial estate
  • In the same ownership since 2002
  • Lot
    39
  • Auction
    24/May/2018
  • Rent
    £148,071 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,300,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • Premier Industrial Estate<br>Leys Road<br>Brierley Hill<br>West Midlands<br>DY5 3UP
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Property Information

Location
Miles
3 miles from Intu Merry Hill Shopping & Office Centre, 3 miles south-west of Dudley, 12 miles west of Birmingham
Roads
A491, A449, A4036, M5 (Junctions 2 & 3)
Rail
Stourbridge Town and Cradley Heath Railway Stations
Air
Birmingham International Airport
Situation

Premier Industrial Estate is situated outside the town centre of Brierley Hill approximately 3 miles from Dudley town centre and 12 miles from Birmingham City Centre. The estate is well established and has good transport links being located close to the A491 which provides access to Wolverhampton to the north and Stourbridge and the wider national motorway network to the south. The estate is adjacent to the canal and nature walk. Nearby occupiers include Miller Roofing and ELV Recycling.

Tenure

Freehold.

Description

The property, a substantial industrial estate, comprises three detached industrial buildings arranged as 35 individual units. The total approximate floor area is 3,526.13 sq m (37,956 sq ft) on a site of approximately 1.22 hectares (3 acres). Each unit benefits from roller shutter doors. The estate is
enclosed within steel fencing and accessed via electric fob controlled gates. In addition, 4.5 hectares (11 acres) has been let on separate 999 year leases at peppercorn rents.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Bidder'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 advisable. For more information, please click here.

Tenancy & Accomodation

UnitFloorFloor Areas (Approx)TenantIn occupation since TermRent p.a Review/
(Reversion)
21Ground
241.26 sq m
(2,597 sq ft)
INDIVIDUAL
t/a RMD
01/08/2014From 01/08/2018
(Tenant option 30/06/2018 )
£7,50001/01/2021
(31/12/2024)
22Ground
94.85 sq m
(1,021 sq ft)
INDIVIDUAL
t/a Elite
01/04/2010From 01/04/2018
(Tenant option 31/03/2021)
£3,983.0401/04/2021
(31/03/2024)
23Ground
147.15 sq m
(1,584 sq ft)
MEREK
ENGINEERING
LIMITED
12/08/2011Licence from 12/08/2011£2,400(11/08/2012)
- Holding over
24-27Ground
483.27 sq m
(5,202 sq ft)
MEREK
ENGINEERING
LIMITED
30/03/1992Licence from 01/02/2006£27,997.08
(Inc fixed
service
charge)
(01/02/2007)
- Holding over
28Ground
139.35 sq m
(1,500 sq ft)
AJD FANS
LIMITED
01/04/2005From 01/04/2005
(Tenant option 31/03/2020 &
31/03/2022)
£4,62001/04/2021
(31/03/2024)
29Ground
139.54 sq m
(1,502 sq ft)
INDIVIDUAL19/06/2017From 19/06/2017£5,20019/06/2020
(18/06/2023)
30Ground
125.42 sq m
(1,350 sq ft)
INDIVIDUAL
t/a Phoenix Bikes
01/05/2014From 01/03/2018£4,20001/03/2021
(29/02/2024)
31Ground
83.61 sq m
(900 sq ft)
INDIVIDUAL01/12/2017From 01/12/2017
(Tenant option
31/11/2020)
£5,200
(One month
rent free
from
Sept
2018)
01/12/2020
(30/11/2022)
32Ground
39.95 sq m
(430 sq ft)
INDIVIDUAL01/06/2017From 01/06/2017£2,100(31/05/2023)
33Ground
39.95 sq m
(430 sq ft)
INDIVIDUAL01/06/2017From 01/06/2017£1,800(31/05/2023)
34Ground
40.97 sq m
(441 sq ft)
INDIVIDUAL
t/a Matt Round Motors
01/06/2017From 01/06/2017£1,800(31/05/2023)
35Ground
40.97 sq m
(441 sq ft)
INDIVIDUAL
t/a Matt Round Motors
01/02/2014From 01/06/2016
(Rolling
monthly tenant option)
£1,200(31/05/2022)
36Ground
39.95 sq m
(430 sq ft)
INDIVIDUAL
t/a Matt Round Motors
01/06/2016From 01/06/2016
(Rolling
monthly tenant option)
£1,560(31/05/2022)
37Ground
54.63 sq m
(588 sq ft)
INDIVIDUAL01/09/2009From 01/04/2018£2,158.9201/04/2021
(31/03/2024)
38Ground
83.61 sq m
(900 sq ft)
INDIVIDUAL01/12/2017From 01/12/2017£3,60001/012/2020
(30/11/2023)
39Ground
37.16 sq m
(400 sq ft)
INDIVIDUAL01/09/2017From 01/09/2017£1,200(31/08/2018)
40Ground
39.95 sq m
(430 sq ft)
INDIVIDUAL01/06/2016From 01/06/2016
(Rolling
monthly tenant option)
£1,560(31/05/2022)
41Ground
44.59 sq m
(480 sq ft)
INDIVIDUAL
t/a Protech
Automotive Mobile
Services
01/04/2018From 01/04/2018£1,80001/04/2021
(31/03/2024)
42Ground
82.68 sq m
(890 sq ft)
INDIVIDUAL01/09/2015From 01/04/2018
(Tenant
option
31/03/2020)
£2,53201/04/2021
(31/03/2024)
43Ground
44.59 sq m
(480 sq ft)
INDIVIDUALS02/11/2017From 02/11/2017£2,08002/11/2020
(01/11/2023)
44Ground
44.59 sq m
(480 sq ft)
INDIVIDUAL01/03/2015From 01/04/2018£1,80001/04/2021
(31/03/2024)
45-46Ground
100.33 sq m
(1,080 sq ft)
JAYS FENCING
LIMITED
01/07/2015From 01/07/2015£3,000(30/06/2018)
47AGround
250.83 sq m
(2,700 sq ft)
BURLINGTON
TRADING LIMITED
AND SAVEMONEY
MARKET.CO.UK
01/02/2018From 01/02/2018
(Tenant
option 31/01/2021)
£7,80001/02/2021
(31/12/2024)
47BGround
250.83 sq m
(2,700 sq ft)
INDIVIDUAL
t/a ART Restoration
01/01/2018From 01/01/2018
(Tenant
option 01/01/2020)
£7,20001/01/2021
(31/12/2024)
48AGround
83.61 sq m
(900 sq ft)
INDIVIDUAL01/10/2013Licence from 01/10/2014£2,400(30/09/2015)
- Holding over
48B/D
&
49A
Ground
334.44 sq m
(3,600 sq ft)
TOTAL
VENTILATION
SUPPLIES
LIMITED
19/03/2018From 19/03/2018£12,00019/03/2021
(18/03/2024)
48CGround
83.61 sq m
(900 sq ft)
INDIVIDUAL01/09/2017From 01/09/2017£4,02001/09/2020
(31/08/2023)
49BGround
167.22 sq m
(1,800 sq ft)
GB AUTOMOTIVE01/08/2016From 01/08/2016£5,880 (inc
fixed
service
charge)
(31/07/2022)
50Ground
167.22 sq m
(1,800 sq ft)
INDIVIDUAL
t/a Wacky Racers
19/07/2017From 19/07/2017
(Rolling monthly tenant
option)
£6,480(18/07/2022)
Yard 1 (Opposite
Units
34-37)
-
-
DIRECT FREIGHT
LOGISTICS
LIMITED
01/02/2017From 01/02/2017£6,00012/12/2018
12/12/2020
12/12/2022
Yard 2 (Opposite
Units
30-33)
-
-
BOX STORE
SCOTLAND
LIMITED
02/02/2018From
12/02/2018
(Tenant Option 11/02/2019)
£5,20012/02/2021
(11/02/2024)
Land
adjacent
to Unit
47B
Ground
-
-
INDIVIDUAL
t/a ART Restoration
01/01/2018From
01/01/2018
£1,80001/01/2021
(31/12/2024)
Units 1-
20 and
additional
land
-
-
VARIOUS 13 separate
999 year leases
from 1992
-1998
Peppercorn
Total
3,526.13 sq m
(37,956 sq ft)
  £148,071.04  

Property Documents

  • Solicitors Legal Pack
    Updated Date
    21.05.18
    File Size
    53 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    02.05.18
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Bude Nathan Iwanier 1 -2 Temple Fortune Parade, Bridge Lane
London
NW11 0QN
Zalmy Melinek 0208 458 5654zmelinek@bnilaw.co.uk

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