Freehold Redditch Flats With Commercial Yard For Sale

Redditch, Worcestershire, UK

Asking Price:: £425,000

Turnover:: Undisclosed

Net Profit:: Undisclosed

A freehold residential and commercial investment in Redditch is offered at £425,000, subject to contract, with three self-contained flats and a rear commercial yard producing total rental income of £27,300 per annum.

The property combines approximately 1,506.9 sq ft of residential accommodation with a separate rear land area of approximately 3,853.5 sq ft. Kingfisher Shopping Centre and rail connections are nearby.

Contact the agent to discuss your requirements, request further particulars or arrange a viewing.

Property Information

Property:: Freehold

Lease Terms:: The commercial element is let on a full repairing and insuring basis, and the flats are held on assured shorthold tenancies. Total rental income is £27,300 per annum. The property is not elected for VAT.

Living Accommodation:: Three self-contained flats occupy the ground and first floors.

Location:: The property is in Redditch, near Kingfisher Shopping Centre. Redditch Railway Station is approximately 0.8 miles away, providing connections towards Birmingham. Birmingham City Centre is approximately 16 miles to the north.

Premises Details:: The two-storey, brick-built building has a pitched tiled roof and three self-contained flats arranged across the ground and first floors. Each flat extends to approximately 502.3 sq ft, giving 1,506.9 sq ft of internal accommodation. A separate commercial yard at the rear extends to approximately 3,853.5 sq ft (358 sq m).