No longer on the market
This property is no longer on the market
MapOffice
Office
38396
Features and description
Trinity Point comprises a prominent office building fronting New Road and sitting at the entrance to Halesowen High Streets one way traffic network.
The property was constructed as a purpose-built office dating from 1970 and of concrete framed construction with brick and glazed elevations.
The West Wing, provides office accommodation over three levels with 72 allocated parking spaces.
The Property has two main access points, with the occupant of the ground floor having their own main entrance from the car park, providing effectively self-contained accommodation. This is used for educational training and comprises a mix of open plan and compartmentalised office space fitted out to a good standard.
At the rear the secondary entrance leads to the main reception area, and lift lobby, where there are two passenger lifts. The first floor which is largely occupied by a serviced office provider providing a range of small subdivided office suites.
The second part of this floor is a series of smaller suites which we have been reconfigured largely for tenants being relocated from the East Wing following the sale of the East Wing to Halesowen College earlier this year.
The second floor comprises two suites which have been refurbished and provide predominately open plan accommodation with suspended ceilings, inset lighting, air conditioning and carpet tiled floor coverings.
Halesowen is a town with a population of 57,000 and is situated some 7 miles west of Birmingham City Centre and forms part of the West Midlands conurbation.
The town is served by the A456 dual carriageway and the A458, both of which provide a rapid link to the M5 Motorway (Junction 3) 2 miles away.
The property is situated on the south side of New Road (A456), at its junction with High Street and Stourbridge Road some 0.1 miles north of the Cornbow Shopping Centre and the central bus depot which is in the heart of Halesowen town centre.
The property is held Freehold. The purchase also include the freehold of the East Wing which was sold to Halesowen College in 2023 on a 999-year lease at peppercorn ground rental.
We are instructed to seek offers at £3,950,000 exclusive, subject to contract. This reflects a Net Initial Yield at 9.46% when taking into consideration purchaser's costs at 6.23% and a low capital value of £102.88 ft2.
The property is elected for VAT. However, it is anticipated the sale will be treated as a TOGC.
A successful purchaser will be required to provide the appropriate information to satisfy current Anti Money Laundering regulations when Heads of Terms are agreed.
Each party are to be responsible for their own legal costs incurred during this transaction.
EPCs are available on request.
Please contact the sole selling agent Siddall Jones.
The property was constructed as a purpose-built office dating from 1970 and of concrete framed construction with brick and glazed elevations.
The West Wing, provides office accommodation over three levels with 72 allocated parking spaces.
The Property has two main access points, with the occupant of the ground floor having their own main entrance from the car park, providing effectively self-contained accommodation. This is used for educational training and comprises a mix of open plan and compartmentalised office space fitted out to a good standard.
At the rear the secondary entrance leads to the main reception area, and lift lobby, where there are two passenger lifts. The first floor which is largely occupied by a serviced office provider providing a range of small subdivided office suites.
The second part of this floor is a series of smaller suites which we have been reconfigured largely for tenants being relocated from the East Wing following the sale of the East Wing to Halesowen College earlier this year.
The second floor comprises two suites which have been refurbished and provide predominately open plan accommodation with suspended ceilings, inset lighting, air conditioning and carpet tiled floor coverings.
Halesowen is a town with a population of 57,000 and is situated some 7 miles west of Birmingham City Centre and forms part of the West Midlands conurbation.
The town is served by the A456 dual carriageway and the A458, both of which provide a rapid link to the M5 Motorway (Junction 3) 2 miles away.
The property is situated on the south side of New Road (A456), at its junction with High Street and Stourbridge Road some 0.1 miles north of the Cornbow Shopping Centre and the central bus depot which is in the heart of Halesowen town centre.
The property is held Freehold. The purchase also include the freehold of the East Wing which was sold to Halesowen College in 2023 on a 999-year lease at peppercorn ground rental.
We are instructed to seek offers at £3,950,000 exclusive, subject to contract. This reflects a Net Initial Yield at 9.46% when taking into consideration purchaser's costs at 6.23% and a low capital value of £102.88 ft2.
The property is elected for VAT. However, it is anticipated the sale will be treated as a TOGC.
A successful purchaser will be required to provide the appropriate information to satisfy current Anti Money Laundering regulations when Heads of Terms are agreed.
Each party are to be responsible for their own legal costs incurred during this transaction.
EPCs are available on request.
Please contact the sole selling agent Siddall Jones.