Black Country office block sold for £2.6m
An office block in the Black Country has been bought for £2.61 million.
Whitehall House in Halesowen has been acquired by a private investor.
The 21,139 sq ft property is fully let to tenants including the Secretary of State for Housing, Communities & Local Government, law firm PM Petherbridge and housebuilder Barratt Homes.
It was bought from property group Mucklow which has previously used the three-storey block site as a head office.
The freehold building has a current total rental income of £251,437 per annum and comes with 72 car parking spaces.
Jewellery Quarter-based commercial property agency Siddall Jones acquired the building on behalf of the purchaser.
Managing director Edward Siddall-Jones said: "This significant investment by our client is a clear indication of continuing strong demand for good quality office buildings, let under strong covenants that provide long-term value and the opportunity to enhance income in the future."
Mucklow was advised by law firm Gowling WLG and property agency Atlas Real Estate and Imperial Law Solicitors in Wolverhampton acted for the purchaser.
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