Retail - Investment - Point West Retail Park - Brierley Hill
- 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
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%.
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.
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.
- Minimum eaves heights : 7.70
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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.