Property Details: • Type: Commercial Property • Tenure: FREEHOLD • Floor Area: 3913 sqft
Key Features: • Established commercial Tenant • Two Shops • Two Large Spacious Flats • Gross Rent £26,220pa • Asset management potential • Close to Town Centre • Freehold
Location: • Nearest Station: Redditch Station • Distance to Station: 0.28198707007652835 miles
Agent Information: • Address: Daralbee House Archer Road, Redditch, Worcestershire, B98 8DJ
Full Description: Description<br />The property comprises an end terrace mixed commercial and residential building arrange as:<br /><br />Number 28 - Ground Floor shop 578sqft plus Lower Ground Floor Storage 552sqft.<br />Number 30 - Ground Floor shop 273 sqft<br /><br />Residential:<br />Number 28a - Four Storey Apartment consisting of approximately 1,255 sq ft GIA<br />Number 30a - Four Storey Apartment consisting of approximately 1,255 sq ft GIA<br /><br />To the rear is a shared WC.<br /><br />A pedestrian access leads to the two self-contain residential properties each comprising:<br /><br />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. The flats are in need of complete refurbishment.<br /><br />To the rear is a good sized garden.<br /><br />Location<br />Mount 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.<br /><br />The Shop is in a short parade of shops near the junction with Salop Road and Ipsley Street; On street parking is free.<br /><br />Tenure<br />Freehold<br /><br />Tenure<br />Number 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.<br />Number 30 - is let to Paul Kings for a term of 15 years from February 2013 at a rent of £3500.<br /><br />Flat 30a is currently vacant.<br />Flat 28a is let on to AST at rent of £530pcm.<br /><br />The Total rental income is £26,220pa<br /><br />Purchase Price<br />£345,000<br /><br />Legal Fees<br />Each Party to bear their own fees.<br /><br />Services<br />All Mains Services are supplied to the building.<br /><br />Viewing<br />Strictly by appointment with our reception on <br /><br />EPC<br />tbc
