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A freehold mixed-use investment in Redditch, is offered at £325,000, subject to contract. The property comprises a ground-floor takeaway premises and two self-contained flats, producing total rental income of £25,200 per annum.
The three-storey corner building provides approximately 1,573.6 sq ft. The shop is let on a full repairing and insuring lease, while the flats are held on assured shorthold tenancies.
Contact the agent for tenancy details, further particulars or to arrange a viewing.
Freehold
The ground-floor shop is let on a full repairing and insuring lease at £12,000 per annum. The flats are held on assured shorthold tenancies at £6,600 per annum each. Total rental income is £25,200 per annum. The property is not elected for VAT.
Two self-contained flats occupy the first and second floors. They are let on assured shorthold tenancies.
The property is in Redditch, Worcestershire, on a cornerlot. Kingfisher Shopping Centre is nearby, with national retailers and banks. Redditch Railway Station is approximately 0.8 miles to the north-west, with connections towards Birmingham. Birmingham City Centre is approximately 16 miles to the north.
The three-storey, brick-built property has a pitched tiled roof and approximately 1,573.6 sq ft (146.2 sq m) of internal accommodation. The ground-floor takeaway premises at 6 Mount Pleasant extends to 486.5 sq ft (45.2 sq m). The two self-contained flats at 6A and 6B extend to 527.4 sq ft (49 sq m) and 559.7 sq ft (52 sq m) respectively, occupying the upper floors. Mains gas, water and electricity are connected; services have not been tested.
