UNITS 1 & 2 STOUR VALE ROAD, LYE, DY9 8PP

Key Features

• Well established Black Country industrial investment opportunity 
• 100% let 
• Total floor area of 37,381 sq ft (3,473 sq m) 
• Total income of £165,000 PA 
• Freehold 
• We are instructed to seek offers in excess of £2,150,000 (Two Million One Hundred and Fifty Thousand Pounds), equating to a net initial yield of 7.22% assuming purchaser’s costs of 6.31%. 

Location 

The property is located in Lye, within the Metropolitan Borough of Dudley. The town is approximately 10 miles south west of Birmingham City Centre (accessible by the A456 Hagley Road) and 3.7 miles east of Stourbridge Town Centre. 

Lye is served by an excellent motorway network with Junction 3 of the M5 motorway (5 miles east) connecting to the M6 motorway, linking to the M42, M40 and the wider national motorway network. 

The town benefits from the West Midlands Rail Service from Lye Town Centre, offering direct regular services to Birmingham Snow Hill Station with an approximate journey time of 29 minutes. Birmingham International Airport is situated 16 miles to the east of Lye Town Centre, enhancing the town’s connectivity appeal. 

Situation
The property is on Stour Vale Road, Lye with nearby access to the Hayes Road (A456) connecting Halesowen and Stourbridge Town Centres. 

Description

The property comprises 2 modern warehouses of steel portal frame construction which have recently undergone a comprehensive refurbishment.  

Site Plan

The site is bounded by the West Midlands rail line to the north, Stour Vale Road to the south, industrial units to the west, Unit 3 Stour Vale Road & residential units to the east. By reference to the plan attached we calculate the property to have an approximate site area of 1.36 acres. 

Tenure

The property is held freehold. 

V.A.T.

The property is elected for VAT, we anticipate that the sale is capable of being treated as a Transfer of a Going Concern (TOGC). 

EPC

C66 (certificate attached). 

Price

We are instructed to seek offers in excess of £2,215,000 (Two Million Two Hundred and Fifteen Thousand Pounds), reflecting a net initial yield of 7.22% assuming purchasers’ costs of 6.31%.