Summary - Clow Business Park, Garratts Lane, Cradley Heath, B64 5RG B64 5RG
1 bed 1 bath Warehouse
Freehold industrial estate offering immediate income and scope to add value.
- Freehold multi-unit industrial estate, total GIA 39,126 ft²
- Site area 1.51 acres with secure yard and forecourt parking
- Current rent £148,900 pa producing a 9.47% net initial yield
- Strong road links; M5, A458 and Cradley Heath rail nearby
- Significant asset-management and refurbishment upside potential
- Number 44a derelict; parts of estate require renovation
- Location in deprived area with high local crime rates
- Property elected for VAT; sale expected as TOGC
A substantial freehold industrial estate of 39,126 ft² set on 1.51 acres, generating £148,900 per annum. The estate comprises multiple single-storey and part two-storey workshops and warehouses, with roller shutter access, concrete floors, forecourt parking and a secure yard — practical for light industrial, storage or trade counter uses.
The property sits in an established industrial location with convenient road links to the M5, A458 and local arterial routes, and Cradley Heath station within a mile. Current income and a quoted asking price in excess of £1,500,000 produce a net initial yield of approximately 9.47% (assumes purchaser costs at 4.80%), presenting an attractive income return for an investor seeking immediate cashflow.
There is clear asset-management potential: units could be refurbished, reconfigured or re-let to increase rental value. However, the estate requires works in parts — Number 44a is a derelict two-storey element and the overall condition is described as needing renovation. Buyers should budget for refurbishment and ongoing maintenance to realise value uplift.
Note the location is in a deprived, high-crime area and VAT is elected (sale expected to be treated as TOGC). These are material considerations for occupational demand, insurance and transaction planning. The sale is freehold, and offers are sought in excess of £1,500,000 subject to contract.
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