Property for sale
Key information
Property description & features
- Tenure: Leasehold
The property provides accommodation over 3-storeys with a net internal area (NIA) of approx. 44,623 Sq. Ft. The Property benefits from 191 car parking spaces, a ratio of 1:234 Sq. Ft.
The property is held by way of long-leasehold title, for a term of 150 years commencing December 2018, at a peppercorn ground rent. A copy of the long-lease is available within the Marketing Pack. The property received planning consent in 2017 for change of use from offices to a musical education school.
Cable Plaza provides the following specialist accommodation:
• Studio complex with 3 recording studios
• 4 radio broadcast rooms
• 8 soundproofed band rehearsal rooms
• 6 soundproofed individual practice rooms
• Specialist Mac lab & IT suite
• 9 spacious multi-purpose teaching rooms
• 200-person capacity lecture theatre
The property benefits from high-capacity data infrastructure via a 'Dante' network, allowing high speed internal connectivity and transfer of data between the various rooms.
The fit-out also included substantial upgrade and improvement works to the property's mechanical and electrical services, including installation of a new VRV 3-pipe heating and cooling system and fresh air ventilation system. Additional upgrades executed included replacement of the passenger lifts, installation of new lighting, fire alarm and security systems and refurbishment of welfare facilities.
The property is located on Waterfront West, Brierley Hill, which comprises one phase of the larger Waterfront Business Park scheme, established in the early 1990s. The estate, set around the canal marina and attractive landscaped surroundings, provides extensive office and commercial accommodation in the form of self-contained and multi let buildings, as well as restaurants, bars, apartment complex and the Copthorne Hotel.
The park is centrally located in Brierley Hill, West Midlands, situated 12 miles and a 30- minute drive time, west of Birmingham City Centre. The park benefits from strong connections to the national road and motorway network, with the M5 accessible at junction 2 (6 miles distant) and junction 3 (8 miles distant). The A4036 dual carriageway is a short distance from the park, connecting with local trunk roads Duncan Edwards Way and the Birmingham New Road, providing onward access to Wolverhampton to the north.
The site benefits from good bus connections via the bus station at the adjacent Merry Hill Shopping Centre, providing direct services to key local centres, including Cradley Heath, Dudley, Halesowen, Stourbridge, Walsall, West Bromwich, Birmingham and Wolverhampton
Midland Metro Extension
The Waterfront Development stands to benefit from notable infrastructure improvements. The Midland Metro is extending the existing line from Wednesbury to Brierley Hill, with a dedicated stop proposed at the Waterfront. The first phase of the extension is scheduled to be operational during 2024. Funding for the full extension has been confirmed, with a significant junction connecting the existing line and the new line, approaching completion. Once fully operational, the Metro will provide exceptional connectivity, linking the park directly with Birmingham and Wolverhampton City Centres and onwards to HS2 and Birmingham International Airport.
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Property reference HUB2438869. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Knight Frank - Institutional Consultancy.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 22, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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