Freehold Industrial Investment Opportunity

 

Summary

  • Part Let
  • Detached Terrace
  • Additional 3,505 sq ft Mezz Floors
  • Fenced & Gated Yard
  • Convenient Location
  • Easy Access to M42

Accommodation

The accommodation comprises the following areas:

Namesq ftsq mAvailability
Ground - Unit 8 1,787 166.02 Occupied
Ground - Unit 9 1,767 164.16 Occupied
1st - Unit 9 1,725 160.26 Occupied
Ground - Unit 10 1,780 165.37 Available
1st - Unit 10 1,780 165.37 Available
Total8,839821.18
Units 8-10, Enfield Industrial Estate - IMG_3102.JPG

Location

The Property is located on the established Enfield Industrial Estate, half a mile from Redditch Town Centre. Transport links are excellent, with Hewell Road and Windsor Road in close proximity. The Train Station and Bus Station in Redditch Town Centre are both within walking distance.

Windsor Road, which is immediately to the north of the Property leads to Jct 2 of the M42, approximately 4 miles to the North via Birmingham Road/Alvechurch Highway (A441).

Get directions from Google Maps

Further Information

Price £625,000

Rates Payable See below

Service Charge n/a

EPC Rating This property has been graded as D


Description

The Property comprises a terrace of three self-contained Factory/Warehouse Units, each benefiting from vehicular access via roller-shutter doors, WCs and Mezzanine Floors with regard to Units 9 & 10.

Externally, there is a secure fenced and gated yard, providing space for loading, unloading and parking.

Tenancies

Units 8 & 9 are let on FRI terms to Redditch Gymnastics Club Ltd for 10 years from October 2023 at £27,500 Per Annum (+VAT). The lease has a rent review date in October 2028.

Unit 10 is available To Let on FRI terms at £18,000 Per Annum (+VAT).

Legal Fees

Each party to bear their own fees.

Asking Price

£625,000 (+VAT)

Tenure

Freehold

Viewings

Strictly by appointment with our office on 01527 584 242.

Rateable Values

Units 8 & 9 - £26,000
Unit 10 - £9,700