Property photos
Freehold
£630,000
(£315.00/sq. ft)
Property for sale
Bates Hill, Redditch B972,000 sq. ft
Local area information
Property location
Nearby amenities
- Redditch 0.1 miles
- Holyoakes Field First School 0.3 miles
- Trinity High School and Sixth Form Centre 0.3 miles
- Alvechurch 2.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Redditch to find out more about the local area.
Features and description
- Freehold
- Six Flats and one Takeaway
- With pp to convert to residential
- Town Centre location
- Freehold
- Current income 43,080pa
- Potential to increase to £51,580pa
Mixed residential and commercial investment, six flats let by way of ASTs and one vacant hot food takeaway with planning consent to convert to additional flat. Current rental income £43,080 pa gross with ability to increase to £51,580pa
Location
The Property fronts onto Unicorn Hill, which forms part of the traditional heart of Redditch Town Centre, linking Church Green with the Train Station and Bus Station.
The occupiers in the immediate vicinity include a range of national operators and local independents, including Wetherspoons, West Bromwich Building Society and Nationwide Bank.
Redditch Town Centre is conveniently accessed via The Ring Road, which provides access the M42 Motorway, with Junctions 2 & 3 being within approximately 4 miles.
Description
The Property forms part of a mixed-use terrace, with a prominent frontage onto Unicorn Hill.
The accommodation in 20 Unicorn Hill has been configured to create five one bedroomed flats and one studio apartment. Each of the properties are fitted to a good standard though out including Lounge and kitchen area, Bedroom and Shower Room with WC withinthe one bedroom units and Bedsitting area with kitchenette and Shower Room with WC in the Studio.
1 Bates hill currently comprises a ground floor vacant Hot Food Takeaway unit of some 445 sqft arranged as sales area, kitchen and WC. Planning consent has been granted to convert to one bedroom dwelling.
Asking Price
£630,000
Tenure
Freehold subject to five Assured Shorthold Tenancy (AST) at the following rents:
Flat 20 - £680pcm
Flat 20A - £425pcm
Flat 20B - £655pcm
Flat 20C - £680pcm
Flat 20D - £625pcm
Flat 20E - £525pcm
1 Bates Hill - Vacant.
The current Gross rent is £43,080 pa with ability to increase to 51,580pa
Services
All mains services are believed to be available, although gas is not currently connected.
Epc
Tbc
Legal Fees
Each party to pay their own costs.
Anti-Money Laundering
In accordance with Anti-Money Laundering Regulations, we require two forms of Identification and confirmation of source of funding from all Purchasers.
Viewing
Strictly by appointment with our Reception on .
Location
The Property fronts onto Unicorn Hill, which forms part of the traditional heart of Redditch Town Centre, linking Church Green with the Train Station and Bus Station.
The occupiers in the immediate vicinity include a range of national operators and local independents, including Wetherspoons, West Bromwich Building Society and Nationwide Bank.
Redditch Town Centre is conveniently accessed via The Ring Road, which provides access the M42 Motorway, with Junctions 2 & 3 being within approximately 4 miles.
Description
The Property forms part of a mixed-use terrace, with a prominent frontage onto Unicorn Hill.
The accommodation in 20 Unicorn Hill has been configured to create five one bedroomed flats and one studio apartment. Each of the properties are fitted to a good standard though out including Lounge and kitchen area, Bedroom and Shower Room with WC withinthe one bedroom units and Bedsitting area with kitchenette and Shower Room with WC in the Studio.
1 Bates hill currently comprises a ground floor vacant Hot Food Takeaway unit of some 445 sqft arranged as sales area, kitchen and WC. Planning consent has been granted to convert to one bedroom dwelling.
Asking Price
£630,000
Tenure
Freehold subject to five Assured Shorthold Tenancy (AST) at the following rents:
Flat 20 - £680pcm
Flat 20A - £425pcm
Flat 20B - £655pcm
Flat 20C - £680pcm
Flat 20D - £625pcm
Flat 20E - £525pcm
1 Bates Hill - Vacant.
The current Gross rent is £43,080 pa with ability to increase to 51,580pa
Services
All mains services are believed to be available, although gas is not currently connected.
Epc
Tbc
Legal Fees
Each party to pay their own costs.
Anti-Money Laundering
In accordance with Anti-Money Laundering Regulations, we require two forms of Identification and confirmation of source of funding from all Purchasers.
Viewing
Strictly by appointment with our Reception on .
More information
Listed by
John Truslove
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