HIGH ENQUIRY LEVELS EXPECTED AS HALESOWEN FREEHOLD OFFICE OPPORTUNITY IS PLACED ON THE MARKET

With the appetite for property within the office sector having been boosted by a widespread return to the workplace, a freehold office opportunity in the Black Country has been placed on the market.

Matthew Pearcey of Sellers Chartered Surveyors said that with Coronavirus restrictions continuing to ease, leading to businesses renegotiating leases and seeking fresh opportunities throughout the region, the opportunity to purchase the freehold of a 2,376 sq ft office building on Coombs Wood Business Park in Halesowen would attract potential investors and owner-occupiers alike.

“With the Government’s official work from home guidance having been lifted and summer holidays almost over, many businesses are now aiming to return to a near-normal working environment,” said Matthew.

“Over the past few months, we’ve seen an increase in companies relocating or extending into adjacent offices to allow additional safety protocols, with a number of significant office properties having already been snapped up. With freehold opportunities very few and far between, we are expecting a lot of interest in the chance to own a self-contained building on this well-appointed business park.”

The semi-detached property, Unit 4 Coombs Wood Court, provides predominantly open-plan office accommodation over two floors, with a reception area and separate meeting rooms on the ground floor and further offices on the first floor. A kitchenette and two wcs are provided.

Matthew added: “Located on Coombs Wood Business Park on Steelpark Road, the building has seven dedicated car parking spaces, and lies within easy reach of both Birmingham City Centre – which is seven miles away – and the motorway network, with Junctions 2 and 3 of the M5 both within three miles. Halesowen town centre is located just 1.5 miles from the business park.

“In our opinion, this would be a particularly strong investment opportunity for company directors wishing to capitalise on the marketplace by purchasing the building in order to lease it back to their businesses.”

Sellers is marketing the property alongside Harris Lamb with a guide price of £425,000.

For details, contact matthew.pearcey@sellers-surveyors.co.uk