Office building put up for sale

With the appetite for property within the office sector 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 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,” he said.

“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.

Pearcey added: “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.