Property overview

Whitehall House, 60 Whitehall Road, Halesowen, B63 3JS

under offer

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Sep 2021

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.