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Retail - Investment - Point West Retail Park - Brierley Hill

Point West Retail Park

Dudley Road
Brierley Hill, DY5 1LL

   

  • Modern terrace of retail warehouse units totalling 1,910 sq m (20,559 sq ft)
  • Very prominent site at the junction of Dudley Road (A461) and Waterfront Way
  • 7.7m eaves height and 3m roller shuttered level access doors
  • Large customer car park
  • A number of value add asset management initiatives to undertake immediately

Description

This retail investment opportunity comprises a modern terrace of retail warehouse units at a very prominent site at the junction of Dudley Road (A461) and Waterfront Way, totalling 1,910 sq m (20,559 sq ft). The site extends to 2.3 acres reflecting a very low site coverage of just 16%. We are instructed to seek offers in excess of £1,525,000 reflecting an attractive Net Initial Yield of 10.56%.

Location

Port West Retail Park is located in Brierley Hill, part of Dudley Metropolitan Borough within the West Midlands/ Brierley Hill is part of the Black Country region best known for its industrial heritage thanks to natural resources and strategic location; however more recently the area is known for the 1.5million sq ft Merry Hill Shopping Centre and the mixed use Waterfront scheme/ The area is strategically located 10 miles to the west of Birmingham city centre with access to the M5 motorway approximately 5 miles to the west, at Junction 2, which in turn links to the M6 and M42 motorways.

Additional information

For Investment:
The site is subject to a right of way running across the north of the site from Dudley Road for the benefit of the neighbouring occupier. We have been informed that the right of way has only once been exercised and is an insured risk. The details of this policy is available upon request.



    Amenities
  • Minimum eaves heights : 7.70
Dudley is a large town in the West Midlands with a population of 79,379/ The property is prominently situated on the roundabout linking Dudley Road (A461), John Street (B4180) and Waterfront Way/ The site is in close proximity to a Travelodge, Aldi supermarket, B&M Bargains and Wickes units as well as directly opposite Point North where Seven Capital are in the process of developing 181 residential units, vastly improving the footfall.

Unit / Floor Size SQM Description
  0.0
  0.0
  0.0
Total 0  

Access
  • Parking : Yes
  • Number of parking places : 0
  • By road: Birmingham 11 miles/ Wolverhampton 8 miles/ Dudley 3 miles.
    By railway: Cradley Heath Railway Station 2 miles/ Lye Railway Station 2.5 miles/ Dudley Port 4.5 miles. The property is approximately 0.5 miles north of the Merry Hill Shopping Centre.
    Airport: Birmingham International Airport 19 miles.
  • Updated: 22/04/2015
    Reference: 758339
    Retail Shop: Investment, Freehold
    20,559  max
    £1,525,000 10.56 % NIY
    Arrange viewing Request details Download brochure
    Your contact

    Mr Oliver Forster
    9 Colmore Row
    B3 2BJ

    0121 237 1213

    Mr Andrew Meikle
    9 Colmore Row
    B3 2BJ

    0121 237 1238

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