Secure Government-Let Office Investment

Pedmore and Castle House comprise a modern office building within Waterfront Business Park, one of the largest office developments in the Black Country.  Waterfront Business Park is located on the A4036 Pedmore Road, which links the property to Dudley, Stourbridge, Wolverhampton and in turn, Junction 2 of the M5 motorway.  Pedmore and Castle House comprise the largest and highest profile buildings within the development, providing 86,649 sq ft of modern office accommodation with 132 car parking spaces, in addition the tenant has access to a further 218 spaces, providing an excellent ratio of 1:247 sq ft.  Fully let to the Secretary of State, on full repairing and insuring basis, providing an undoubted covenant.  The property is let for a further 10.5 years to expiry and 5.5 years to break with a break penalty equating to 12 months’ rent should the break be served.  Passing rent of £800,000 per annum reflects a low rent of £9.23 per sq ft.  The property is held by way of 3 long lease hold interests.
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Sizes and Measurements

Minimum Size

452sqft

Total Size

86,649sqft

Floors Available

Castle House 2nd

Details

Office

Size

14,909sqft

Status

Available

Available from

Now

Castle House Gnd

Details

Office

Size

13,736sqft

Status

Available

Available from

Now

Castle House 1st

Details

Office

Size

14,230sqft

Status

Available

Available from

Now

Bridge Link 2nd

Details

Office

Size

452sqft

Status

Available

Available from

Now

Bridge Link 1st

Details

Office

Size

483sqft

Status

Available

Available from

Now

Pedmore House 2nd

Details

Office

Size

14,886sqft

Status

Available

Available from

Now

Pedmore House 1st

Details

Office

Size

14,218sqft

Status

Available

Available from

Now

Pedmore House Gnd

Details

Office

Size

13,735sqft

Status

Available

Available from

Now

Lease Information & Charges

For sale

£8,250,000

Specification

  • Suspended Ceiling
  • Fluorescent Lighting
  • Hot Water Radiators Central Heating
  • Raised Floors
  • 6 Lifts
  • 132 Parking Spaces

Photos

PEDMORE AND CASTLE HOUSE_ BRIERLEY HILL

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