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Ridgeway Trading Estate, Feckenham Road, Astwood Bank, Redditch, B96 6DS

£900,000

£167.44 per sq ft

Business rates & charges may apply

John Truslove, Redditch
SIZE AVAILABLE

5,375 sq ft

499 sq m

SECTOR

Light industrial facility for sale

Description

Fully Let Investment For Sale in Astwood Bank, on the outskirts of Redditch. Initial Yield of 6.25% but strong reversionary potential.

Location - Astwood Bank is situated on the outskirts of Redditch with good communication links and is within easy access to the town of Alcester, Evesham and Droitwich.

Situated on Feckenham Road just out of the village of Astwood Bank and only 5 miles from Redditch. Redditch has access to the M42 at Junction 2 and nearby Bromsgrove has access to the M5 Motorway.

Description - The Property is on a self-contained site, comprising 5,375 square feet divided into five units. It comprises a modern, well-insulated, steel portal framed industrial building, fronting a private access yard/car park.

The premises have been recently refurbished to a high standard throughout and benefit from roller shutter access, lighting and WC accommodation.

Car Parking - Ample car parking is available within the fenced and gates secure site.

Services - Mains three-phase electricity, water, drainage and gas are connected.

Tenure - Freehold

Proposal - We are instructed to seek offers in excess of £900,000 subject to contract, which equates to a net initial yield of 6.26%. This pricing translates to a capital value of £167 per square foot, indicating strong reversionary potential.

Legal Costs - Each party to bear their own legal costs.

Vat - VAT is applicable to the sale.

Viewing And Further Information - Strictly by prior arrangement with the sole agents.

Ian Parker - John Truslove
Tel:
M:


Brochures

Ridgeway Trading Estate, Feckenham Road, Astwood Bank, Redditch, B96 6DS

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Redditch Station3.2 miles
  • Bromsgrove Station6.3 miles
  • Danzey Station6.7 miles

About John Truslove, Redditch

Daralbee House Archer Road, Redditch, Worcestershire, B98 8DJ

John Truslove is a Redditch based property consultancy which was established over 30 years ago.

We advise clients on all aspects of commercial property within the West Midlands, Worcestershire and Warwickshire.

The first and most important thing for you to know is that, quite simply, we aim to be good and honest.

Good to deal with, honest and true, professional and effective.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 33362043. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Truslove, Redditch. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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