Tenants include Dudley & Walsall Mental Health Partnership NHS Trust and The Borough Council of Dudley
Established office location within the town centre
Totalling approximately 8,230.79 sq m (88,597 sq ft)
Asset management opportunities
Residential redevelopment potential (subject to consents)
On-site car parking for approximately 200 cars
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 22
Auction 11th February 2016
Rent £114,245 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
9 miles west of Birmingham, 6 miles south of Wolverhampton, 30 miles north of Worcester
Roads
A461, A4036, A4123, M5
Rail
Dudley Port Railway Station
Air
Birmingham Airport
Situation
Dudley is a major town 9 miles west of Birmingham City Centre. The property is prominently situated on Minories Road, at its junction with New Mill Street in the heart of the town centre and close to the bypass, providing excellent access to the M5 Motorway. There is a planned Midland Metro extension for Castle Hill, which is situated approximately 0.5 miles away from Falcon House.
Tenure
Freehold.
Location
Miles
9 miles west of Birmingham, 6 miles south of Wolverhampton, 30 miles north of Worcester
Roads
A461, A4036, A4123, M5
Rail
Dudley Port Railway Station
Air
Birmingham Airport
Situation
Dudley is a major town 9 miles west of Birmingham City Centre. The property is prominently situated on Minories Road, at its junction with New Mill Street in the heart of the town centre and close to the bypass, providing excellent access to the M5 Motorway. There is a planned Midland Metro extension for Castle Hill, which is situated approximately 0.5 miles away from Falcon House.
Tenure
Freehold.
Description
Falcon House is a substantial eight storey office building totalling approximately 8,230.79 sq m (88,597 sq ft) of office accommodation. The property benefits from air conditioning, 3 x passenger lifts and on-site car parking for approximately 200 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Falcon House is a substantial eight storey office building totalling approximately 8,230.79 sq m (88,597 sq ft) of office accommodation. The property benefits from air conditioning, 3 x passenger lifts and on-site car parking for approximately 200 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground – West
Office
377.00 sq m
(4,058 sq ft)
DUDLEY & WALSALL MENTAL HEALTH PARTNERSHIP NHS TRUST
1 year from 24/02/2015
£28,399
£28,399
First – West
Office
444.06 sq m
(4,780 sq ft)
VACANT POSSESSION
Second – East
Office
597.91 sq m
(6,436 sq ft)
VACANT POSSESSION
Second – West
Office
442.76 sq m
(4,766 sq ft)
VACANT POSSESSION
Third – East
Office
614.63 sq m
(6,616 sq ft)
VACANT POSSESSION
Third – West
Office
472.12 sq m
(5,082 sq ft)
VACANT POSSESSION
Fourth
Office
1,081.73 sq m
(11,644 sq ft)
VACANT POSSESSION
Fifth
Office
1,065.38 sq m
(11,468 sq ft)
VACANT POSSESSION
Sixth – East
Office
599.39 sq m
(6,452 sq ft)
VACANT POSSESSION
Sixth – West
Office
447.13 sq m
(4,813 sq ft)
VACANT POSSESSION
Seventh – East (13 Car Parking Spaces)
Office
599.39 sq m
(6,452 sq ft)
THE BOROUGH COUNCIL OF DUDLEY
1 year from 24/07/2015
£16,500
(23/07/2016)
Seventh – West
Office
444.62 sq m
(4,786 sq ft)
VACANT POSSESSION
Part Eighth (16 Car Parking Spaces)
Office
765.78 sq m
(8,243 sq ft)
THE BOROUGH COUNCIL OF DUDLEY
5 years from 27/03/2013
£45,335
(26/03/2018)
Part Eighth
Office
278.89 sq m
(3,002 sq ft)
VACANT POSSESSION
Roof
Telecom Mast
–
–
TELEFONICA UK LIMITED
15 years from 23/09/2006 (1)
(14/03/2018)
22/09/2016 (21/09/2021)
Roof
Telecom Mast
–
–
AIRWAVE SOLUTIONS LIMITED
15 years from 14/03/2003 (2)
£250
(14/03/2018)
Roof
Telecom Mast
–
–
AIRWAVE SOLUTIONS LIMITED
A term of years from 03/11/2006 (3)
£250
(13/03/2018)
Totals
8,230.79 sq m
(88,597 sq ft)
£114,245
(1) The lease is subject to a tenant option to determine on 22nd September 2016 on providing six months’ notice. (2) The lease provides for a rolling landlord option to determine on 12 months’ notice. (3) The lease automatically determines when the other lease to Airwave Solutions Limited determines.
Contacts
Associate Auctioneers
Bulleys Birchley House, Birchfield Lane Oldbury West Midlands B69 1DT
