1 Paper Mill Drive, Redditch, B98 8QJ

Features

• Available Immediately
• Potential Change of Use, STPP
• Site Area 1.95 Acres (0.78 Acres)
• Freehold
• Convenient Location
• 50+ Car Parking Spaces

LOCATION

The Property fronts on to Paper Mill Drive adjacent to the Junction with the Coventry Highway (A4023).

Redditch Town Centre is approximately one mile to the west with Junctions 2 and 3 of the M42 being within five miles of the Property.

The surrounding uses include residential to the north, commercial to the east and west and Arrow Valley Country Park to the south.

DESCRIPTION

The Property is a modern three storey purpose-built Office on a large, landscaped plot with a substantial car park accessed via a crossover on Paper Mill Drive.

The Property is well specified throughout with suspended ceilings incorporating inset lighting, air conditioning and raised access floors.

The Net Internal Area (NIA) is approximately 12,885 sq ft (1,197 sqm) with the Gross Internal Area (GIA) being some 15,839 sq ft (1,472 sqm).

The total site area extends to approximately 1.95 acres (0.78 hectares).

ASKING PRICE

£1,100,000

ASKING RENT

£105,000 per annum based on a Full Repairing and Insuring Lease for a term of 3 or more years.

VAT

The Property is elected for VAT.

SERVICES

All mains services are available.

LEGAL FEES

Each party to pay their costs.

RATEABLE VALUE

£113,000

EPC

TBC

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 Office on 01527 584242 or via our Joint Agents David Brown Property.

TENURE

virtual Freehold with 999 year lease in place.