Dudley College, Units 4&5, The Waterfront Business Park, Brierley Hill, DY5 1LXDownload the Sales Brochure Make an enquiry
High yielding & reversionary Dudley College investment.
Modern industrial & hybrid buildings built in the late 1990’s used by Dudley College on established mixed use commercial park. Unit 4 – 14,045 sq ft, Unit 5 – 56,782 sq ft, with 110 allocated car spaces.
Both units have been used as teaching facilities for over 15 years and are let to Dudley College of Technology with lease expiries on 2 January 2029.
The combined rent is £310,000 per annum (average of only £4.38 per sq ft).
Expected 20% reversion in January 2024 to £371,290 based on one fixed uplift and our ERV. The property has an underlying capital value of only £53 per sq ft.
Offers sought in excess of £3,755,000 (Three Million Seven Hundred and Fifty Five Thousand Pounds) reflecting an attractive net initial yield of 7.75% with a reversion to 9.28%.