Skip to content
Buy
Property for sale New homes for sale Property valuation Investors Mortgages
Rent
Property to rent Student property to rent
Find Agent
Find estate agents
House prices
Sold house prices Instant online valuation
Commercial
Commercial property to rent Commercial property for sale Advertise
Inspire
Moving stories Property news Energy efficiency Property guides Housing trends Overseas blog Mortgage guides
Overseas
All countries Spain France Portugal Italy Greece Currency Sell Overseas property

Prospect Hill, Redditch, Worcestershire, B97

Guide Price
£1,300,000

£213.71 per sq ft

Business rates & charges may apply

FLETCHER BOND PROPERTY CONSULTING LIMITED, Manchester
SIZE AVAILABLE

6,083 sq ft

565 sq m

SECTOR

Commercial development for sale

Apartment 101
1

Key features

  • 12 apartments for sale within large block
  • Fully Tenanted
  • Gross Rent of £122,160
  • Warranties are provided by ARK Insurance Group
  • More Apartments available if desired
  • EPC, ECIR, Lease plans, Service Charge available via Data Room

Description

12 apartments (7x 1-bed and 5x 2-bed units) within highly-yielding residential investment in newly converted apartment scheme. Generating £122,160 rent per annum, no arrears. Offers in the region of £1,300,000 reflecting a Gross Yield of 9.4%. Leasehold (250 years at peppercorn rents). Attractive town-centre location in the affluent town of Redditch, Worcestershire.

Apartments are finished to a good specification with modern fixtures and fittings, including quality floor coverings and contemporary kitchens and bathrooms, providing a perfect blend of luxury and practicality Apartments are unfurnished but fitted with white goods including built in fridge/freezers, washing machines and ovens. Lighting is provided by stylish recessed LED spotlights and heating via energy efficient wall-mounted electric radiators.

Apartments to be sold via new 250-year leases, commencing January 2023.
Leases are subject to a Peppercorn Rent only

Brochures

Prospect Hill, Redditch, Worcestershire, B97

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Redditch Station0.3 miles
  • Alvechurch Station2.8 miles
  • Barnt Green Station4.2 miles

About FLETCHER BOND PROPERTY CONSULTING LIMITED, Manchester

61 Mosley Street, Manchester, M2

Notes

These notes are private, only you can see them.

Disclaimer - Property reference StStephensHouse. 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 FLETCHER BOND PROPERTY CONSULTING LIMITED, Manchester. 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.

Email

Call

Email