Property photos
Freehold
£900,000
(£167.44/sq. ft)
Light industrial for sale
Ridgeway Trading Estate, Feckenham Road, Astwood Bank, Redditch B965,375 sq. ft
Local area information
Property location
Nearby amenities
- Astwood Bank Primary School 0.2 miles
- Ridgeway Academy 0.5 miles
- Redditch 3.2 miles
- Alvechurch 6.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Fully Let Investment For Sale in Astwood Bank, on the outskirts of Redditch. Initial Yield of 6.25% but strong reversionary potential.
Location
Astwood Bank is situated on the outskirts of Redditch with good communication links and is within easy access to the town of Alcester, Evesham and Droitwich.
Situated on Feckenham Road just out of the village of Astwood Bank and only 5 miles from Redditch. Redditch has access to the M42 at Junction 2 and nearby Bromsgrove has access to the M5 Motorway.
Description
The Property is on a self-contained site, comprising 5,375 square feet divided into five units. It comprises a modern, well-insulated, steel portal framed industrial building, fronting a private access yard/car park.
The premises have been recently refurbished to a high standard throughout and benefit from roller shutter access, lighting and WC accommodation.
Car Parking
Ample car parking is available within the fenced and gates secure site.
Services
Mains three-phase electricity, water, drainage and gas are connected.
Tenure
Freehold
Proposal
We are instructed to seek offers in excess of £900,000 subject to contract, which equates to a net initial yield of 6.26%. This pricing translates to a capital value of £167 per square foot, indicating strong reversionary potential.
Legal Costs
Each party to bear their own legal costs.
Vat
VAT is applicable to the sale.
Viewing And Further Information
Strictly by prior arrangement with the sole agents.
Ian Parker - John Truslove
Tel: M:
Location
Astwood Bank is situated on the outskirts of Redditch with good communication links and is within easy access to the town of Alcester, Evesham and Droitwich.
Situated on Feckenham Road just out of the village of Astwood Bank and only 5 miles from Redditch. Redditch has access to the M42 at Junction 2 and nearby Bromsgrove has access to the M5 Motorway.
Description
The Property is on a self-contained site, comprising 5,375 square feet divided into five units. It comprises a modern, well-insulated, steel portal framed industrial building, fronting a private access yard/car park.
The premises have been recently refurbished to a high standard throughout and benefit from roller shutter access, lighting and WC accommodation.
Car Parking
Ample car parking is available within the fenced and gates secure site.
Services
Mains three-phase electricity, water, drainage and gas are connected.
Tenure
Freehold
Proposal
We are instructed to seek offers in excess of £900,000 subject to contract, which equates to a net initial yield of 6.26%. This pricing translates to a capital value of £167 per square foot, indicating strong reversionary potential.
Legal Costs
Each party to bear their own legal costs.
Vat
VAT is applicable to the sale.
Viewing And Further Information
Strictly by prior arrangement with the sole agents.
Ian Parker - John Truslove
Tel: M:
More information
Listed by
John Truslove
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Property descriptions and related information displayed on this page are marketing materials provided by - John Truslove. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact John Truslove for full details and further information.