£1,100,000
(£97.39/sq. ft)
Industrial for saleUnit 31 A-B Washford Industrial Estate, Heming Road, Redditch B98
11,295 sq. ft
EPC Rating: F
Freehold
About this property
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
Description
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.
The premises has a total Gross Internal Floor Area is some 11,295 sq ft., split into:
Unit 31a – 4995 sq ft plus mezzanine floor of 1628 sq ft.
Unit 31b - 6300 sq ft plus mezzanine floor of approximately 1300 sq ft.
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.
The Property is in reasonable condition throughout.
Location
The Units are accessed off Heming Road within Washford Industrial Estate, approximately 4 miles south-east of Redditch Town Centre.
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.
Tenure
Freehold subject to tenancies below.
Tenancies
Unit 31a - let to Thompson and Sons for a term of 3 years from 1 January 2025 at a rent of £48,000pa
Unit 31b - let to Inside Out Events for a term of 5 years from 1 January 2025 at a rent of £48,000pa
Both leases are Full Repairing and Insuring terms.
Purchase Price
£1,100,000
Services
All mains services are available and connected to each unit.
Rateable Value
The property has been split into various hereditaments, by contact reception for details.
EPC
B 36
Legal Fees
Each party to bear their own fees
Viewing
Strictly by appointment with our reception on
Anti-Money Laundering
In accordance with Anti-Money Laundering Regulations, we require two forms of identification and confirmation of the source of funding from all purchasers.
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.
The premises has a total Gross Internal Floor Area is some 11,295 sq ft., split into:
Unit 31a – 4995 sq ft plus mezzanine floor of 1628 sq ft.
Unit 31b - 6300 sq ft plus mezzanine floor of approximately 1300 sq ft.
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.
The Property is in reasonable condition throughout.
Location
The Units are accessed off Heming Road within Washford Industrial Estate, approximately 4 miles south-east of Redditch Town Centre.
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.
Tenure
Freehold subject to tenancies below.
Tenancies
Unit 31a - let to Thompson and Sons for a term of 3 years from 1 January 2025 at a rent of £48,000pa
Unit 31b - let to Inside Out Events for a term of 5 years from 1 January 2025 at a rent of £48,000pa
Both leases are Full Repairing and Insuring terms.
Purchase Price
£1,100,000
Services
All mains services are available and connected to each unit.
Rateable Value
The property has been split into various hereditaments, by contact reception for details.
EPC
B 36
Legal Fees
Each party to bear their own fees
Viewing
Strictly by appointment with our reception on
Anti-Money Laundering
In accordance with Anti-Money Laundering Regulations, we require two forms of identification and confirmation of the source of funding from all purchasers.
Mortgage calculator
Monthly repayment
£5,502 per month
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