Commercial Property for sale

M & P House3 Church Green East,Redditch,B98

3,649 sq. ft. | £375,000

Property Description

Commercial information

  • 3,649 sq ft (339 sq m)
  • Use class orders: A1 Shops, A2 Financial and Professional Services and B1 Business

Key features

  • RETAIL AND OFFICE PREMISES LET TO FIRM OF SOLICITORS FOR 5 YEARS
  • REDDITCH TOWN CENTRE
  • PROMINENT LOCATION
  • INCOME 27,000 PA EXCLUSIVE
  • INITIAL YIELD OF 7.2%
  • NO VAT.
  • PURCHASE BY WAY OF TOGC

Full description

Tenure: Freehold

DESCRIPTION

Church Green, Market Place and Alcester Street form the Town's principal Professional Quarter, see map attached. M & P House was developed and extended by leading Insurance Brokers, Martin and Pethard. The Property is currently split into two distinct sections, being:

(i) Ground and part First Floor Retail
(ii) First and Second Floor Offices accessed via Easemore Road.

The accommodation comprises:-

(i) Retail Area

Ground Floor:

(a) Retail Area - 1,077 sq ft, with display frontage to Church Green and return along Easemore Road.

(b) Kitchenette - 83 sq ft.

Stairs ascend to:

First Floor:

(c) Separate Male and Female WCs.

(d) 3 Number Offices.

The net internal floor area of the First Floor is 370 sq ft.

In addition there is a Cellar of some 133 sq ft providing basic storage.

(ii) Office Suites

Ground Floor Entrance Lobby with stairs ascending to:-

First Floor:

(e) Female WCs plus Kitchenette facilities.

(f) Open-plan Office 810 sq ft.

Stairs continue to:-

Second Floor:

(i) Open-plan Office, leading to:
(j) Private Office

(k) Meeting Room

(l) Male WCs and Cleaner's Cupboard

The Second Floor has a Net Floor Area of 1,316 sq ft.

The total Net Internal Floor Area of the building is some 3,649 sq ft.

Outside, 3 car parking spaces are provided.

SERVICES

All main services except gas are connected

TENURE

Freehold - subject to:

Five-year Lease from May 2016 to The Firm Solicitors LLP at a rent of 27,000 per annum.

PURCHASE PRICE

375,000

The property will be sold by way of a Transfer of a Going Concern.

TENANT

The Firm Solicitors LLP is a high street legal practice specialising in criminal defence, family and conveyance work with offices in Birmingham, Redditch and Solihull. The Firm Solicitors LLP has been in practice for in excess of 10 years.

LEGAL FEES

Each party to bear their own fees.

VIEWING

Strictly by appointment with our Reception - 01527 584242



More information from this agent

Nearest stations

  • Redditch (0.2 mi)
  • Alvechurch (2.9 mi)
  • Barnt Green (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Truslove, Redditch

Daralbee House Archer Road, Redditch, Worcestershire, B98 8DJ

01527 338011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Redditch (0.2 mi)
  • Alvechurch (2.9 mi)
  • Barnt Green (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Truslove, Redditch

Daralbee House Archer Road, Redditch, Worcestershire, B98 8DJ

01527 338011 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference MANDPHouseB988BP. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Truslove, Redditch. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.