Unit 31 A-B Washford Industrial Estate, Heming Road, Redditch, B98 0DH

Property Details: • Type: Distribution Warehouse • Tenure: FREEHOLD • Floor Area: 11295 sqft

Key Features: • Gross Rental Income £96,000pa • Gross Yield 8.73 % • Popular location • 11,295 sqft plus Mezz floors 2,928 sqft • Fenced and Gated site • Freehold

Location: • Nearest Station: Redditch Station • Distance to Station: 2.4705970962143784 miles

Agent Information: • Address: Daralbee House Archer Road, Redditch, Worcestershire, B98 8DJ

Full Description: Description<br />The Property comprises a single storey detached Factory Warehouse premises standing on a total site area of some 0.71 acres including spacious Forecourt and Yard. <br /><br />The premises has a total Gross Internal Floor Area is some 11,295 sq ft., split into:<br /><br />Unit 31a – 4995 sq ft plus mezzanine floor of 1628 sq ft. <br />Unit 31b - 6300 sq ft plus mezzanine floor of approximately 1300 sq ft.<br /><br />The Property was constructed approximately 30 years ago with dwarf height masonry and lined profile steel clad walls, together with lined profile steel clad roof supported by way of a steel portal frame.<br /><br />The Property is in reasonable condition throughout.<br /><br />Location<br />The Units are accessed off Heming Road within Washford Industrial Estate, approximately 4 miles south-east of Redditch Town Centre. <br /><br />The area benefits from excellent access to the Motorway Network with the A435 leading to Junction 3 of the M42 approximately 5 miles to the north. The M42 provides excellent access to the National Exhibition Centre and Birmingham International Airport, and connect directly to the M5 at Bromsgrove, M6 at Coleshill and M40 at Junction 4.<br /><br />Tenure<br />Freehold subject to tenancies below.<br /><br />Tenancies<br />Unit 31a - let to Thompson and Sons for a term of 3 years from 1 January 2025 at a rent of £48,000pa<br /><br />Unit 31b - let to Inside Out Events for a term of 5 years from 1 January 2025 at a rent of £48,000pa<br /><br />Both leases are Full Repairing and Insuring terms.<br /><br />Purchase Price<br />£1,100,000<br /><br />Services<br />All mains services are available and connected to each unit.<br /><br />Rateable Value<br />The property has been split into various hereditaments, by contact reception for details.<br /><br />EPC<br />B 36<br /><br />Legal Fees<br />Each party to bear their own fees<br /><br />Viewing<br />Strictly by appointment with our reception on <br /><br />Anti-Money Laundering<br />In accordance with Anti-Money Laundering Regulations, we require two forms of identification and confirmation of the source of funding from all purchasers.