Asper moves swiftly again to acquire prime Black Country site
Asper Property Group has acquired a prime roadside site in Amblecote, Stourbridge, for an undisclosed sum.
The property at 19 Audnam is a 2,815 sq ft building and was formerly occupied by a local veterinary practice.
Charlie London, managing director of Asper Property Group, said: “We are delighted to have secured this prime roadside asset in an extremely visible position on a very busy road. The imposing former veterinary practice benefits from a generous 0.24 acre plot with 28 parking spaces and two first floor apartments. It’s been a pleasure to work on another off-market acquisition with Harvey and the team at Hexagon.”
The property is now on the market through Stourbridge agents Hexagon Commercial Property who are seeking £37,500 rental per annum.
Harvey Pearson, managing director of Hexagon Commercial Property, said: “Yet again it was a pleasure dealing with Asper on this off-market sale. We have already received strong demand on a leasehold basis including national operators.”
The self-contained building is located on the A491 with circa20,000 daily vehicle movements and currently consists of ground and basement retail/office areas and two apartments on the first floor. The building has air conditioning and the apartments have a separate access.
It is only 1.5 miles from Stourbridge town centre, as well as Merry Hill Shopping Centre, and nearby occupiers include Tesco Express, VW, Halfords, Pizza Hut, Lidl and Kidderminster Carpets.
This latest deal follows on from Asper Property Group’s recent purchase of Quantum Works in Stourbridge in an off-market deal for £1.03 million, and Earlswood Business Park near Solihull for £1.875 million, making it one of the region’s fastest growing property investors in 2023.
Asper Property Group was advised by Kareem Baig of Newhall Solicitors and Richard Pinning of CBTC acted for the seller.
For further information, contact:
Charlie London, Managing Director,
Asper Property Group,
About Asper Property Group
Asper Property Group is a Midlands-based commercial and residential property investor and developer, delivering a range of schemes from design-led homes to office schemes and industrial developments.
Prepared and issued by ASAP PR – 07990 978257.