Summary - HARBOUR BUILDING, WATERFRONT WEST DY5 1LN
1 bed 1 bath Office
Massive freehold block with strong reconfiguration potential for investors.
- Freehold three-storey office building with extremely large floor area
- Flexible floor plates easily sub-divided for multi-let or single use
- Adjacent off-street parking and 8-person passenger lift
- Double-glazed aluminium windows provide good natural light
- Comfort cooling present but untested, potential services upgrade needed
- Located 8-minute walk to Merry Hill, 6 miles from M5 motorway
- High local crime and very deprived area may affect tenant demand
- 24/7 secure access; likely refurbishment required to maximise rents
A rare freehold opportunity in Dudley’s Waterfront Business Park, this substantial three-storey office building offers extremely large, flexible floor plates ideal for multi-let conversion or a single large occupier. The property benefits from prominent positioning, generous natural light through double-glazed aluminium windows, adjacent off-street parking and a passenger lift, supporting easy tenant access and operational logistics.
Internally the building is fitted with raised floors and floor boxes, perimeter gas central heating, suspended ceilings, kitchenettes and separate WCs on each floor. Comfort cooling is present but untested; the accommodation is carpeted with fluorescent strip lighting and is readily capable of being sub-divided to create smaller suites — an obvious value driver for investors seeking income diversification or phased refurbishment.
Buyers should note clear material considerations: the surrounding area records high crime levels and very high deprivation, which may affect tenant demand and rental levels. Parts of the building will likely require modernisation to attract higher-quality tenants and to confirm the performance of mechanical services, including the comfort cooling. Proximity to Merry Hill Shopping Centre (eight-minute walk) and easy motorway access (c.6 miles to the M5) strengthen occupational appeal despite local socio-economic challenges.
This property suits investors or operators targeting large-format workspace in an established office park with short-term reconfiguration potential. The freehold ownership and significant floor area create scope for asset management, splitting, or long-term redevelopment, but any purchaser should budget for targeted refurbishment and factor local market dynamics into yield expectations.
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