Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A
Key Features: • Established commercial Tenant • Large Spacious Flats • Gross Rent £26,220pa • Asset management potential • Close to Town Centre • Freehold
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: Daralbee House Archer Road, Redditch, Worcestershire, B98 8DJ
Full Description: DescriptionThe property comprises an end terrace mixed commercial and residential building arrange as:Number 28 - Ground Floor shop 578sqft plus Lower Ground Floor Storage 552sqft.Number 30 - Ground Floor shop 273 sqftTo the rear is a shared WC.A pedestrian access leads to the two self-contain residential properties each comprising:Ground Floor Lobby with stairs ascending to First Floor landing off which opens: Bathroom, Kitchen and Lounge, with stairs continuing to Second Floor comprising two Double Bedrooms.To the rear is a good sized garden.LocationMount Pleasant is a busy road, formerly the main A441, in a densely populated Residential Area less than 5 minutes walk from the Town Centre, which is immediately North. It is on a Bus Route.The Shop is in a short parade of shops near the junction with Salop Road and Ipsley Street; On street parking is free.TenureFreeholdTenureNumber 28 - is let to S Vadivel for a term of 5 years from 9 July 2024 at a rent of £10,000 subject to Tenant break on 9 July 2029.Number 30 - is let to Paul Kings for a term of 15 years from February 2013 at a rent of £3500.The upper floors are let on to ASTs at rents of £530pcm.The Total rental income is £26,220paPurchase Price£345,000Legal FeesEach Party to bear their own fees.ServicesAll Mains Services are supplied to the building.ViewingStrictly by appointment with our reception on EPCtbc