Whitehall House, 60 Whitehall Road, Halesowen, B63 3JS
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£2,600,000
Feb 2022
Atlas Real Estate, has successfully disposed of a multi-let office investment in Halesowen on behalf of LondonMetric Property Plc.
The property is located immediately to the south of Halesowen town centre and is prominently situated on the roadabout of A458 and A459, three miels from Junction 3 of M5.
The property comprises a detached three storey office building extending to 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 472 years to breaks and 5.58 years to expiries. The total income is £251,437 per annum.
The property was sold for £2.6m reflecting a net initial yield of 9.09%.
Siddall Jones acted for the purchaser.
