Frank-Steier Price Ltd. Leading niche commercial property investment practice Logo for Midlands Property Awards 09

February 2019

Unit D4C, Coombswood Business Park, Halesowen, B62 8BH

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under offer

The property is located on Coombswood Business Park, Halesowen, 3 miles from Junction 3 of M5 and 6 miles west of Birmingham city centre.  The property comprises a 2007 built unit extending to 7,155 sq.ft.  The unit is let to the excellent covenant of Samworth Brothers Ltd (D&B 5A1) for a term of 15 years expiring 24 April 2022 – 3.25 years unexpired.  Passing rent of £48,084.78 per annum – reflecting £6.72 per sq.ft.  Offers are sought in excess of £715,000 reflecting a net initial yield of 6.38% assuming purchaser’s costs of 5.33%.