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Plot for sale

Millsborough House, Ipsley Street, Redditch, B98

POA

Property Description

Key features

  • Income Producing
  • c5.3% Gross ROI
  • c?80,000 Rental Income
  • Well Located Commercial Building
  • All Offers Considered

Full description

Tenure: Freehold

John Shepherd are pleased to offer to the market this well located and income producing Commercial Property for sale.
Generating c£80,000 pa currently with tenants in place - all offers welcomed
We feel that there may be scope to further enhance the site (STP)

Tenure: Freehold
DESCRIPTION John Shepherd are proud to offer this commercial site for sale, with scope for further development potential (subject to planning).

The units available and associated parking is accessible directly from Millsborough Road by car into an inner courtyard.

Millsborough House is bounded by Ipsley Street, Millsborough Road, Lodge Road & Summer Street and is located just off the A4023 ring road adjacent to Trafford Park, a short distance to the town centre.

Distances;

Kingfisher Shopping Centre is 200 metres
Redditch Train Station is 350 metres
Redditch Train Station to Birmingham New Street is 40 mins
Birmingham New Street to London Euston is 1 hr 25 mins

There are several tenants in situ currently and these businesses are unaffected by the sale of the buildings, therefore we are seeking an investor to purchase an ongoing income stream with potential for scope to improve upon or enhance with planning.
A part of the adjacent site has received planning for 14 x residential apartments (Planning Application 2014/321/FUL - which was approved in April 2016.

The current income that is being produced from the units for sale is in the region of £80,000 pa (Gross) - with increases in rental in the contracts.

Please see the below brief breakdown of the site;

Unit 1 - Ground Floor - c4,000 sq ft
Unit 1 - 1st Floor - c5,000 sq ft
Unit 1 - 2nd Floor - c5,000 sq ft
Unit 6 - Ground Floor - c2,250 sq ft
Unit 7 - First Floor - 2,300 sq ft
Unit 7 - Second Floor - 2,300 sq ft

Please do not make any approach to the tenants at this site, they are all in contract with the current owners.

We have a full Marketing Pack for this site, which will include the following;

Schedule of Tenancies
Schedule of Accommodation
Title Packs
Promap Image showing the demise of the Available Site

Tenure
We understand that the Subject Site is FREEHOLD

Local Authority Enquiries
All enquiries to - Redditch MBC - Planning Dept. Ext 3219 or

Viewing - Strictly By Appointment Only
The site is available for viewings, but due to many of the buildings having tenants, we will require c48 hrs notice to view. Also as some of the site is in need of full refurbishment and open to the elements (such as courtyard/ stairways etc), we would ask you to be mindful of our Safety On Site paragraph below.

To arrange an inspection or obtain further information in respect of the development land, contact; Sam Meeten, John Shepherd Estate Agents, Unit 6, The Grand, 33 Colmore Row, Birmingham B3 2BS, email sam. or call / .

Safety on Site
Any prospective purchaser viewing the site should be especially careful and vigilant when making their inspection of the buildings/ courtyard for their own personal safety. The ground may be uneven and may contain debris/ foliage, furthermore the site is an active Commercial Premises and will have vehicular access at all times throughout the day and night.
Interested viewers must take care, and therefore, no children or pets to be allowed onto the premises. Neither the vendors nor their agents (Joint/ Sole or Multi) accept any responsibility for personal injury caused to individuals or any third party whilst on the premises.


Listing History

Added on Rightmove:
05 November 2018

Nearest stations

  • Redditch (0.4 mi)
  • Alvechurch (3.2 mi)
  • Barnt Green (4.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

John Shepherd, Birmingham

6 Colmore Row, Birmingham, B3 2DA

0121 396 0972 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 (0.4 mi)
  • Alvechurch (3.2 mi)
  • Barnt Green (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Shepherd, Birmingham

6 Colmore Row, Birmingham, B3 2DA

0121 396 0972 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.

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