Offers in region of
£1,125,000
(£87.51/sq. ft)
Office for sale1 Paper Mill Drive, Redditch B98
12,855 sq. ft
EPC Rating: E
Freehold
About this property
Available Immediately
Potential Change of Use, STPP
Site Area 1.95 Acres (0.78 Acres)
Convenient Location
50+ Car Parking Spaces
Freehold
Estimated Rates Payable: £61698
Description
The Property is a modern three storey purpose-built Office on a large, landscaped plot with a substantial car park accessed via a crossover on Paper Mill Drive.
The Property is well specified throughout with suspended ceilings incorporating inset lighting, air conditioning and raised access floors.
The Net Internal Area (NIA) is approximately 12,885 sq ft (1,197 sqm) with the Gross Internal Area (gia) being some 15,839 sq ft (1,472 sqm).
The total site area extends to approximately 1.95 acres (0.78 hectares).
Location
The Property fronts on to Paper Mill Drive adjacent to the Junction with the Coventry Highway (A4023).
Redditch Town Centre is approximately one mile to the west with Junctions 2 and 3 of the M42 being within five miles of the Property.
The surrounding uses include residential to the north, commercial to the east and west and Arrow Valley Country Park to the south.
Anti-Money Laundering
In accordance with Anti-Money Laundering Regulations, we require two forms of Identification and confirmation of source of funding from all Purchasers.
VAT
The Property is elected for VAT.
Services
All mains services are available.
Tenure
Freehold or by way of Standard Business Lease for a term of 5 or more years.
Asking Price
£1,125,000 plus VAT
Asking Rent
£105,000 plus VAT
The Property is a modern three storey purpose-built Office on a large, landscaped plot with a substantial car park accessed via a crossover on Paper Mill Drive.
The Property is well specified throughout with suspended ceilings incorporating inset lighting, air conditioning and raised access floors.
The Net Internal Area (NIA) is approximately 12,885 sq ft (1,197 sqm) with the Gross Internal Area (gia) being some 15,839 sq ft (1,472 sqm).
The total site area extends to approximately 1.95 acres (0.78 hectares).
Location
The Property fronts on to Paper Mill Drive adjacent to the Junction with the Coventry Highway (A4023).
Redditch Town Centre is approximately one mile to the west with Junctions 2 and 3 of the M42 being within five miles of the Property.
The surrounding uses include residential to the north, commercial to the east and west and Arrow Valley Country Park to the south.
Anti-Money Laundering
In accordance with Anti-Money Laundering Regulations, we require two forms of Identification and confirmation of source of funding from all Purchasers.
VAT
The Property is elected for VAT.
Services
All mains services are available.
Tenure
Freehold or by way of Standard Business Lease for a term of 5 or more years.
Asking Price
£1,125,000 plus VAT
Asking Rent
£105,000 plus VAT
Mortgage calculator
Monthly repayment
£5,627 per month
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