Whitehall House, 60 Whitehall Road, Halesowen, B63 3JSDownload the Sales Brochure Make an enquiry
The property is located immediately to the south of Halesowen town centre and is prominently situated on the roundabout of A458 and A459, three miles from Junction 3 of M5. The property comprises a detached three storey office building extending to 1,963.83 sq.m (21,139 sq.ft) with 72 car parking spaces. The property is fully let to the Department of Work & Pensions and BDW Trading Ltd (Barratt Homes) with a WAULT of 4.72years to breaks and 5.58 years to expiries. The property is Barratt Homes’ regional HQ. The total income is £251,437 per annum which equates to a low average rent of £11.89 per sq.ft. Offers sought in excess of £2,500,000 reflecting an attractive net initial yield of 9.45% and a low underlying capital value of £118.00 per sq.ft.