Location:
The property is situated in a prominent location on the corner of Mount Pleasant and Ludlow Road. Within close proximity is Kingfisher Shopping Centre, which provides a variety of national retailers and banks. Redditch Train Station is located approximately 0.8 miles North West from the subject property, providing regular links into Birmingham City Centre and the surrounding areas. Birmingham City Centre is located approximately 16 miles north from the property.
Description:
The premises comprise of a three-storey brick-built building surmounted by a pitched tiled roof. Internally, the ground floor benefits from a takeaway business with two self-contained flats on the first and second floors.
Accommodation
Energy Performance Certificate:
Details available upon request.
Services:
We are advised all main services are connected.
Tenure / Price:
The freehold interest is available at a quoting price of £325,000 subject to contract.
The property is let on a full repairing and insuring and the flats are held on assured short hold tenancies, producing a total income of £21,200 per annum. Further details available upon request.
Business Rates:
The property is currently listed within the 2023 rating listing as having a rateable value of £5,100. Rates payable will be in the region of £2,544.90. Small business rate 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.
