A STATE-OF-THE-ART music facility in Brierley Hill, home of Resonance and Black Country Radio, has been put up for sale.
The Cable Plaza building, which currently houses not for profit education provider Resonance and the BCR community radio studios, has gone on the market with Watling Real Estate and Knight Frank with a £4 million guide price.
Sales particulars say it’s one of the highest specification premises of its kind in the UK.
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 and has a 200-seat lecture theatre / performance space.
The canalside building, on Waterfront West, also has 191 parking spaces and is located within the DY5 Business and Innovation Enterprise Zone, at the Waterfront Business Park, near Merry Hill shopping centre.
Jasper Upton, associate in the education and 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.”
For further details visit https://watling.com/property/223032/ or email ben.holyhead@watling.com
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