Market leading music education premises hits the market

A state-of-the-art music facility, representing one of the highest specification premises of its kind in the UK, is being offered for sale by Watling Real Estate and Knight Frank.

The building which currently houses Resonance, a not-for-profit Higher Education provider, at Cable Plaza, Brierley Hill, is being marketed with a guide price of £4 million.

Ben Holyhead, an associate in the Birmingham office of Watling Real Estate, said: “This is a highly specified property, which was subject to an extensive circa £5m refurbishment and fit-out by Overbury in 2019, offering market leading music recording and teaching facilities. The property presents a turnkey opportunity for an occupier operating within the education/creative arts sector.”

The 44,623 sq ft, three storey building on the waterfront provides specialist facilities including a studio complex with three recording studios, four radio broadcast rooms, eight soundproofed band rehearsal rooms and six soundproofed individual practice rooms.

The property also provides a specialist Mac lab and IT suite, plus nine spacious multi-purpose teaching rooms.

A 200-seat lecture theatre / performance space completes the facilities, allowing musicians and bands to showcase their talents.

The building benefits from 191 parking spaces and is located within the DY5 Business & Innovation Enterprise Zone.

The property is located on Waterfront West, Brierley Hill, part of the Waterfront Business Park. It fronts on to the Dudley No. 1 canal and is a short walk from Merry Hill, one of the largest shopping centres in the UK.

Jasper Upton, associate in the Education & Charities team at Knight Frank, said: “This exceptional music education facility at Cable Plaza represents a rare opportunity to acquire one of the UK’s most advanced creative arts premises.

“Cable Plaza is a standout asset in the local area. Subject to the necessary consents, Cable Plaza could also be utilised by an office occupier looking for a vibrant, thought-provoking space. The Waterfront’s superb location and future connectivity to the Midlands Metro network only adds to the appeal.”

The Waterfront is set to benefit from the Midlands Metro extension with a dedicated stop proposed at The Waterfront, linking the park with Birmingham and Wolverhampton city centres and onwards to HS2 and Birmingham International Airport.

Further details of Cable Plaza are available at https://watling.com/property/223032/ or by emailing ben.holyhead@watling.com

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For further information, please contact:

Alan Ryall, Joint Managing Director, Watling Real Estate, 75/77 Colmore Row, Birmingham, B3 2AP

alan.ryall@watling.com

Issued by ASAP PR – 07990 978257

Editors’ Notes

Watling Real Estate was created on 1 June 2023 by a management buyout of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise.  It has a team of 20+ professionals offering a multi-disciplinary real estate advisory business and will immediately become one of the UK’s largest real estate restructuring consultancies.

Watling Real Estate is backed by Bassi Capital, a private family office with extensive core investments in the real estate sector including publicly listed companies, private limited companies, and joint partnerships. https://bassicapital.com/