Upon instructions of the LPA Receiver
INDUSTRIAL PREMISES LOCATED ON ESTABLISHED BUSINESS PARK
DESCRIPTION
The property is a detached industrial unit with parking to the front and a yard/loading to the rear. The unit is of steel frame construction and formed in two bays. The warehouse space is mainly open plan with two roller shutter doors to the rear and the two storey office accommodation is at the front. The eaves height of the warehouse is circa 6.5m. There are solar panels on the roof.
LOCATION
The property is situated on Sandwell Business Park in Smethwick, around 5 miles to the north west of Birmingham. Access to the property is via the main Oldbury Road (A457) which provides access to the M5 motorway directly and via Spon Lane South. Junctions 1 and 2 of the M5 motorway are located approximately 2 miles and 2.5 miles away, respectively, making the property ideal for industrial use with good access to transport links. The surrounding area is commercial/industrial and other users on the estate include manufacturing warehouses and suppliers. There is a large DPD depot in close proximity to the subject.
TENURE INFORMATION
The property is held under freehold title number WM505439.
The freehold title includes unit B which is subject to a 999 year long lease with 988 years remaining.
BUSINESS RATES
£107,000 until 1st April 2026.
Will rise to £139,000 from 1st April 2026.
