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COMMERCIAL

Mount Pleasant, Redditch

Guide Price
£800,000
Shipways, Redditch
PROPERTY TYPE

Guest House

BEDROOMS

13

BATHROOMS

13

SIZE

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Key features

  • Rare Property Investment Opportunity
  • Hotel For Sale with 3 Additional Retail Units Included
  • £86,400 Per Annum From All Units
  • Seeking Offers In Excess of £750,000
  • Approximately 7 Year Lease Left Remaining On Retail Units

Description


SUMMARY
Do you have Vision and fancy a Business Venure? , then this is for you. A HOTEL AND 3 RETAIL UNITS. Now for the excitment. it already has a Steady income ( Total - £7,166 per month / £85,992 per annum, Gross Yield - 9.55% before fees / running costs). But it could earn you much much more.


DESCRIPTION
The building is situated in a fantastic location in Redditch with easy access to the Redditch Town Centre offering amenities such as shops, eateries, cinemas and offers good transport links such as the bus/train station heading out of the town.

The building contains 3 floors and has parking available to the rear of the building.

Sits on a 0.15 acre plot.

Total - £7,166 per month / £85,992 per annum
Gross Yield - 9.55% before fees / running costs

Hotel
Rental income - £2,600 per month
Leased until 2027

Restaurant
Rental income - £1,500 per month
Leased until 2032

Takeaway
Rental Income - £1,083 per month
Leased until 2028

Barbershop
Rental income - £1,083 per month
Leased until 2028

Residential One Bedroom Apartment
Rental income - £900 per month



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Brochures

Full Details

Mount Pleasant, Redditch

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Redditch Station0.4 miles
  • Alvechurch Station3.3 miles
  • Barnt Green Station4.7 miles

About Shipways, Redditch

3 Alcester Street, Redditch, B98 8AE
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

Choose your local Redditch Shipways office�

We're a long-established estate agency brand; in fact Shipways has been serving the West Midlands since 1936, so you can trust we are experts in our field. If you need a little more convincing here's a few more reasons to choose Shipways as your estate agent�

>> Your local Shipways team in Redditch

Our team know the area and the marketplace. Most of our staff members live in the surrounding areas so we are your local experts too! We know what helps to sell or let a property and we love helping to find buyers and tenants their properties too�we just want to help our customers get moving.

>> Our network and coverage

Shipways have 10 offices covering Worcestershire and Warwickshire. We're bigger than you think. We are part of the national estate agency group Sequence (UK) Limited which has over 320 offices across England, Scotland and Wales. So, if you need to expand your property search further, we can help with that too - all from your local office.

>> Making your property stand out from the crowd

Our property marketing techniques make sure our customers properties stand out and get noticed. Find out how; speak to us about our online extra marketing packages.

>> Trust us

We hold memberships with industry bodies such as the Property Ombudsman and the ARLA Propertymark for Residential Lettings, so you can have peace of mind knowing you are dealing with a trusted, professional estate agent.

When choosing an estate agent, make sure you pick an experienced, professional, established estate agent just like us! It could be the difference between selling or letting your property. To find out more contact us your local Shipways estate agent today on 0152 733 8029

Notes

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Disclaimer - Property reference RDC108931. 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 Shipways, 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.

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