£1,650,000

Industrial for sale

  1. Property photo 1 of 16.
  2. Property photo 2 of 16.
  3. Property photo 3 of 16.
Freehold

£1,650,000

Industrial for sale

Imex -5 x Industrial Premises, Oldbury B69

Local area information

Property location

Nearby amenities

  • The Meadows School (SEN) 0.3 miles
  • Newtown Primary School 0.5 miles
  • Sandwell & Dudley 0.6 miles
  • Dudley Port 1.3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • 26,987 SqFt Industrial Premises
  • £147,200 p.a Rent
  • Comprising Of 5 Units Plus Yard
  • 1.140 Acre Site
  • Located In Imex Business Centre
  • Selling @ £66 / SqFt (approx.)
  • Freehold Site
  • 8.91% Net Yield
  • Hands Off Industrial Investment Opportunity
  • Unit 1A, 2A, 3,3A : EPC - C, Unit 4 - EPC -D
** 26,987 SqFt Of Industrial Premises generating £147,200 p.a
Description


The opa are pleased to present this rare opportunity to acquire 26,987 square foot of industrial premises, sitting on a 1.140 acre site. Comprising of 5 individual warehouse units of steel truss construction, plus a sizeable yard of circa 0.269 acres.

The units are fully let on an Fri basis and generating a healthy net rental income of £147,200 p.a

All units benefit from roller shutter access and mains services are available on, or adjacent to, the subject property.
Accommodation


Unit 1A

5064 SqFt

Unit 2A

4881 SqFt

Unit 3

5920 SqFt

Unit 3A

5179 Sqft

Unit 4

5943 SqFt

Total: 26,987 SqFt

Yard : 0.269 Yard
Tenure


The premises are sold freehold, subject to the existing leases, producing a passing net rental income of £147,200 p.a. Copies of the leases are available upon request. (All rents are exclusive of VAT)

Unit 1Imex- £3000 pcm inv vat

Unit 2 Imex- £3000 pcm inc vat
Imex Car Park - £720 pcm inc vat
Unit 3 Imex - £2500 pcm inc vat

Unit 4 Imex- £2700 pcm inc vat
Unit 7 Imex- £2800 pcm inc vat

Total £176,640 inc vat

Total £147,200 without vat
Location


The premises are located on the Imex Business Park, Oldbury, to the northern end of Union Road, approximately half a mile north of Oldbury town centre.

Junctions 1 and 2 of the M5 are within approximately 2 miles providing excellent access to the wider motorway network and Birmingham city centre.

Sandwell and Dudley Station 1.0 miles

M5 (J1) 2.7 miles

M6 (J7) 6.7 miles

Birmingham Airport 17 miles

Birmingham nec 21 miles

We understand VAT is payable. However, it is understood the sale would be treated as a togc.
Viewings


Please contact The Online Property Agency for viewings.
Buyers fee


Buyer's Reservation Fee of 2% of The Purchase Price. (All fees inclusive of VAT). T&Cs apply.

The opa’s “Secure It Now Exclusivity Package”

This property is being offered under The opa’s “Secure It Now Exclusivity Package”

This is an innovative secure and straightforward way to purchase this property.

Here are the benefits for you:

• Secure your dream property straight away

• Properties are realistically priced

• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller

• Focuses on speed

• Mortgage buyer friendly

• Suitable for first time buyer

• Mortgage buyers and cash buyers compete on equal terms

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs

Secure It Now Exclusivity Package - How does it work?

Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale.

You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee “ of 2% which includes :

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks )

• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

• This prevents the risk of gazumping and the

• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.

• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Step 1 - Register your interest

Step 2 - Sort out your finances

Step 3 - Arrange a viewing / Virtual Tour

Step 4 - Make an offer

Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package

Step 6 - Exchange and completion

Next Steps – Do Not Miss Out -

Please note this is a realistically priced property and is likely going to create a fair amount of buying interest. If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out.

Please note this is a non-refundable exclusivity fee in addition to the purchase price.

Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The opa has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.

“Please be advised that this property may have been owned by the current seller for under six months, or the seller may have the exclusive right to sell the property. If you require any further clarification, please speak to a representative of The opa.”

Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

In accordance with Section 21 of the Estate Agents Act 1979 an interest is declared in that the vendor of the property is a relative of a Partner of THE ONLINE PROPERTY AGENCY LTD

Misrepresentation Act 1967: The opa for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.

Floor plans and tours

Floor plans (2)

Floor plan 1
Floor plan 2

Tours (2)

2 virtual tours available

Step inside the property with a virtual tour or video walkthrough.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - The Online Property Agency. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact The Online Property Agency for full details and further information.

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