Unit 35, Enfield Industrial Estate, Redditch, B97 6BY

GBP 650000 For Sale

Property Details

Property Type

N/A

Description

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • Passing Rent £38,000pa • 10 year lease from 2024 - no breaks • Gross yield 5.85% • FR&I terms • Delphi score 100 • Virtually brand new Unit

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 a steel portal framed, semi-detached, newly-built Factory/Warehouse Unit. Internally, the Property provides a blank canvas ready for tenants’ fit-out works. Access to the Unit is via an insulated sectional loading door, with a separate powder-coated aluminium personnel door, with double-glazed windows at Ground and First Floor level.The Gross Internal Area (GIA) extends to approximately 3,300 sq ft.Externally, there is a communal fenced and gated Yard, providing ample space for loading and car parking.LocationThe Property is located on Enfield Industrial Estate, approximately ½ mile north of Redditch Town Centre.The Property benefits from excellent transport links, with Hewell Road and Windsor Road in close proximity providing ready access to the Town Centre and Bromsgrove via the A448. Redditch Train and Bus Stations are both within convenient walking distance.Junction 2 of the M42 Motorway is approximately 4 miles to the north via Birmingham Road (A441), with Birmingham City Centre being some 15 milesto the north.TenureFreeholdTenancyThe property is let to Belron UK Limited t/a Autoglass on a standard FR&I lease for a term of 10 years, without break, from 3 January 2024 at an initial rent of £38,000pa, subject to review at the end of the 5th year.The TenantBelron UK Limited t/a Autoglass have been established approximately 74 years with a turnover in Dec 2024 of £299,941,000 with pretax profits of £5,980,000, having a Delphi credit rating of 100 out of 100.ServicesAll mains services save for gas are connected.EPCB35Purchase Price£650,000 plus VATRateable Value£30,750 (April 2026)Legal FeesEach Party to bear their own feesViewingStrictly by appointment with our reception on

Location

Address

Unit 35, Enfield Industrial Estate, Redditch, B97 6BY

City

Redditch

Features and Finishes

Passing Rent £38,000pa, 10 year lease from 2024 - no breaks, Gross yield 5.85%, FR&I terms, Delphi score 100, Virtually brand new Unit

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Real Estate Broker
John Truslove, Redditch
Brokerage
John Truslove, Redditch
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