Mixed Residential and Commercial Investment
Summary
- Six Flats and one Takeaway
- With pp to convert to residential
- Town Centre location
- Freehold
- Current income 43,080pa
- Potential to increase to £51,580pa
Accommodation
The accommodation comprises the following areas:
| Name | Size | Total month | Total year | Availability |
| Lower Ground - Commercial Unit | 445 sq ft | - | - | Available |
| Ground - Flat 20 | 1 Beds | £680 | £8,160 | Let |
| Ground - Flat 20A | 1 Beds | £425 | £5,100 | Let |
| Ground - Flat 20E | 1 Beds | £525 | £6,300 | Let |
| 1st - Flat 20B | 1 Beds | £655 | £7,860 | Let |
| 1st - Flat 20C | 1 Beds | £680 | £8,160 | Let |
| 1st - Flat 20D | 1 Beds | £625 | £7,500 | Let |
Location
The Property fronts onto Unicorn Hill, which forms part of the traditional heart of Redditch Town Centre, linking Church Green with the Train Station and Bus Station.
The occupiers in the immediate vicinity include a range of national operators and local independents, including Wetherspoons, West Bromwich Building Society and Nationwide Bank.
Redditch Town Centre is conveniently accessed via The Ring Road, which provides access the M42 Motorway, with Junctions 2 & 3 being within approximately 4 miles.
Get directions from Google Maps
Mainline Stations
-
Redditch2 mins
-
Alvechurch56 mins
-
Barnt Green82 mins
-
Bromsgrove87 mins
Underground Station
-
Chesham1357 mins
-
Amersham1385 mins
-
Reading1386 mins
-
Chalfont and Latimer1420 mins
Further Information
Price Offers in the region of £630,000
Rates Payable Upon Enquiry
Description
The Property forms part of a mixed-use terrace, with a prominent frontage onto Unicorn Hill.
The accommodation in 20 Unicorn Hill has been configured to create five one bedroomed flats and one studio apartment. Each of the properties are fitted to a good standard though out including Lounge and kitchen area, Bedroom and Shower Room with WC withinthe one bedroom units and Bedsitting area with kitchenette and Shower Room with WC in the Studio.
1 Bates hill currently comprises a ground floor vacant Hot Food Takeaway unit of some 445 sqft arranged as sales area, kitchen and WC. Planning consent has been granted to convert to one bedroom dwelling.
Tenure
Freehold subject to five Assured Shorthold Tenancy (AST).
The current Gross rent is £43,080 pa with ability to increase to 51,580pa
Services
All mains services are believed to be available, although gas is not currently connected.
Downloads
Gallery
