The property comprises a substantial industrial and warehouse complex totalling approx. 154,743 sq. ft. on a large 6.6 acre site.
The property is made up of units of varying size, age, specification, and condition which have been acquired, constructed, and extended since the 1920s. The property was previously occupied by Adam Carpets and utilised for the manufacture, storage, and distribution of high quality carpet. The property has benefitted from a robust maintenance programme and therefore is in good condition.
The original industrial accommodation is of brick and block construction with north-lit steel truss roofs covered by asbestos cement sheeting. The original accommodation has been augmented by later steel portal frame extensions with part brick, part steel clad elevations and mono and pitched steel profile lined roofs. Loading is via various manual and electric roller shutter doors to the south, north east, and centre of the site.
Internally, the floors are concrete throughout and generally in good condition. The main industrial and warehouse accommodation is heated by way of gas hot air blowers. Internal clear eaves heights vary across the property up to 7.2m.
The principal office accommodation is located to the south of the site immediately adjacent to the main entrance and provides a mix of cellular and open plan accommodation with staff welfare facilities.
The yard is part concrete, part gravel surfaced.
The property is substantially vacant but there are four occupied units to the north of the site. Further detail is provided within the Tenancy section.
Location
The property is located approx. 1.5 miles north-east of Kidderminster Town Centre within the established Greenhill Industrial Estate.
Kidderminster is approx. 15 miles north of Worcester and 18 miles southwest of Birmingham City Centre and is the administrative centre for the Wyre Forest District.
The property benefits from dual access off the major arterial A456 Birmingham Road to the south and Hurcott Road to the north. The A456 Birmingham Road is a key trunk road for the region linking Kidderminster with J3 and J4 of the M5 and Birmingham City Centre.
The property is situated within a predominantly residential area save for a small terrace of trade counter units immediately to the south.
Kidderminster Town Centre, Crossley Retail Park, Kidderminster Train Station, Aggborough Stadium, Kidderminster College and various local schools are all a short walk from the property. Kidderminster Train Station provides direct and regular services to Birmingham Snow Hill, Worcester Foregate Street and Stratford upon Avon.
Accommodation
We understand the property provides the following approximate gross internal floor areas:
Main Works - 8,553 sq m (92,064 sq ft)
Dye House - 2,794 sq m (30,074 sq ft)
Units A, D, E & G - 1,854 sq m (19,956 sq ft)
Unit B - 379 sq m (4,080 sq ft)
Units C1 & C2 - 684 sq m (7,363 sq ft)
Unit F - 112 sq m (1,206 sq ft)
Total - 14,376 sq m (154,743)
Terms
Title - The property is held freehold under title no’sWR146704 and WR76406.
Tenancy - See attached brochure for information.
Planning - The site is designated as ‘Employment Land’ within the Wyre Forest District Council Local Plan. Uses falling within classes B2, B8 and Class E (offices), along with research and development and light industrial uses will be supported.
Adam Carpets secured outline planning consent in March 2024 for the development of 1no. 4 bed house and 5no. 2 bed bungalows on land immediately to the north of the site. This land also formed part of the ‘Employment Land’ allocation. The land (highlighted red on the adjacent plan) was subsequently sold by Adam Carpets, but the access road off Hurcott Road (highlighted yellow on the adjacent plan) was retained. The buyer of the land (highlighted red) is contractually bound, subject to a s73 application or new planning permission, to widen the access road to 4.5m, with a 2m footpath either side, to ensure the new access road is sufficient for redevelopment of the wider estate to residential.
In light of the above consent, and the fact the property is situated within a predominantly residential area, we believe the property offers residential redevelopment and alternative use potential subject to planning.
The vendor has commissioned a Planning Review of the site which provides additional information. A copy of the Planning Review is available within the Marketing Pack.
Business Rates:
Main Site
Rateable Valuye (25/26) - £302,500
Rates Payable - £167,888
Unit B
Rateable Valuye (25/26) - £16,750
Rates Payable - £8,358
Unit C2
Rateable Valuye (25/26) - £16,750
Rates Payable - £8,358
Unit F
Rateable Valuye (25/26) - £7,000
Rates Payable - £3,493
EPC - EPCs are available within the Marketing Pack.
Services - We understand there are two electricity supplies of 585 kVA and 70 kVA feeding the units to the west and east side of the estate road respectively.
We understand all mains services are connected and in working order however interested parties should rely on their own enquiries.
Offers - Offers in the order of £4.5 million invited for the freehold interest subject to contract.
VAT - All prices are quoted exclusive of VAT.
Costs - Each party is to be responsible for their own costs incurred in the transaction.
AML - To comply with Anti-Money Laundering Regulations, the successful purchaser will be required to provide details on the source of funds and ultimate beneficial owners.
Specification
- Substantial freehold industrial and warehouse complex of approx. 154,743 sq. ft. G.I.A. on a large 6.6 acre site
- Advantageous dual access off A456 Birmingham Road and Hurcott Road
- Excellent connectivity via major arterial A456 Birmingham Road to J3 and J4 of the M5 and Birmingham City Centre
- Kidderminster Town Centre, Crossley Retail Park, Kidderminster Train Station, Aggborough Stadium and Kidderminster College are all a short walk from the property
- Part income producing, generating £44,200 p.a.
- Exceptional alternative use potential, notably residential redevelopment S.T.P
- Value-add asset management opportunities include subdivision and reconfiguration which will yield significant rental uplift