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Property details
Map & nearby

Light industrial for sale in Ridgeway Trading Estate, Feckenham Road, Astwood Bank, Redditch

Investment

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Light industrial for sale

499 sq. m*

Property description

Fully Let Investment For Sale in Astwood Bank, on the outskirts of Redditch. Initial Yield of 6.25% but strong reversionary potential.

Location

Astwood Bank is situated on the outskirts of Redditch with good communication links and is within easy access to the town of Alcester, Evesham and Droitwich.

Situated on Feckenham Road just out of the village of Astwood Bank and only 5 miles from Redditch. Redditch has access to the M42 at Junction 2 and nearby Bromsgrove has access to the M5 Motorway.

Description

The Property is on a self-contained site, comprising 5,375 square feet divided into five units. It comprises a modern, well-insulated, steel portal framed industrial building, fronting a private access yard/car park.

The premises have been recently refurbished to a high standard throughout and benefit from roller shutter access, lighting and WC accommodation.

Car Parking

Ample car parking is available within the fenced and gates secure site.

Services

Mains three-phase electricity, water, drainage and gas are connected.

Tenure

Freehold

Proposal

We are instructed to seek offers in excess of £900,000 subject to contract, which equates to a net initial yield of 6.26%. This pricing translates to a capital value of £167 per square foot, indicating strong reversionary potential.

Legal Costs

Each party to bear their own legal costs.

Vat

VAT is applicable to the sale.

Viewing And Further Information

Strictly by prior arrangement with the sole agents.

Ian Parker - John Truslove
Tel: M:

Property info

Ridgeway Trading Estate Redditch Investment Brochu

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by John Truslove, and do not constitute property particulars. Please contact John Truslove for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.