Location:
The property is situated on Ipsley Street, within walking distance to the Town Centre. Trafford Retail Park is located a few minutes away and consists of major retailers including Poundstretcher, Aldi, Maplins, Pet for Homes amongst others. Other retailers such as Lidl, Halfords, Wickes & Bensons for Beds are also located nearby. The M42 motorway can be accessed from either the A441 or A435, which are approximately 4.6 miles and 6.6 miles away respectively. Redditch Train Station is approximately 1 mile away and provides regular links into Birmingham City Centre and the surrounding areas.
Description:
The premises comprise of a two-storey brick-built building surmounted by a pitched tiled roof. Internally, the ground floor benefits from two self-contained retail units with three self-contained flats on the first floor. To the rear of the property is a shared car park and two further self-contained flats.
Accommodation
Energy Performance Certificate:
Details available upon request.
Services:
We are advised all main services are connected to include mains gas, water and electricity.
Mason Young Property Consultants has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.
Planning:
Interested parties should contact Redditch Borough Council Planning Department on 01527 881 770.
Tenure / Price:
The freehold interest is available at a quoting price of £765,000 subject to contract.
The ground floor retail shops are let on full repairing and insuring leases and the flats are held on assured short hold tenancies, producing a total income of £50,800 per annum. Further details available upon request.
Business Rates:
Unit 1 is currently listed within the 2023 rating listing as having a rateable value of £4,900. Rates payable will be in the region of £2,445.51. Small business rates relief may apply.
Unit 2 is currently listed within the 2023 rating listing as having a rateable value of £4,850. Rates payable will be in the region of £2,420,15. Small business rates relief may apply.
Interested parties are advised to make their own enquiries to Redditch Borough Council Business Rates Department on 01527 543 023.
VAT:
We understand that the property is not elected for VAT.
Legal Costs:
Each party to be responsible for their own legal costs incurred during this transaction.
