Faraday House, Windsor Road, Redditch, Worcestershire, B97 6dj

Features

• CURRENT GROSS INCOME CIRCA £71,000 PA
• ASSET MANAGEMENT POTENTIAL
• WELL FITTED THROUGHOUT
• POPULAR LOCATION
• POTENTIAL FOR OWNER OCCUPIER
• FREEHOLD

LOCATION

Faraday Business Centre is located on Windsor Road forming part of the Enfield Industrial Estate close to Redditch Town Centre and close to the established residential areas of Batchley and Brockhill which continues to expand to the north and east.

Nearby occupiers include Pochins, Screwfix, Mettis aerospace and range of independents including Tool & plant Hire , motorcycle dealership and bed centre.

DESCRIPTION

The Property comprises a approximately 7,000 sqft NIA serviced Office Centre set over two floors providing a good complement of Single and General Offices which can easily be combined for occupiers requirements.

The Premises were comprehensively refurbished approximately 5 years ago to include separate Male and Female WC’s, shared Kitchenette and Breakout areas together with an impressive Reception. Substantial investment was made into the IT infrastructure and the offices are fitted with quality furniture though out.

Outside, ample parking is provided in front and to the side of the Premises.

n.b. we have not measured the premises but relied upon floor areas provided by our Client.

TENURE

Freehold

TENANCY DETAILS

The Property is currently Let on a variety of flexible Licences / Tenancy Agreements, including a number of established tenancies, generating a current gross income of £71,084 pa.

A Tenancy schedule and sample tenancy agreement is available on request.

ASSET MANAGEMENT POTENTIAL

There is potential to create additional Letting space and to secure Tenants for the void areas, including possible trade counters, which could potentially increase the Gross Rental Income by up to £55,000 pa.

RUNNING COSTS

The Property is currently well managed by our Clients and we understand that running costs are very low, full details can be provided.

PURCHASE PRICE

Offers in the region of £750,000 plus VAT

THE SALE IS TO BE HANDLED BY WAY OF AN AUCTION CONTRACT, THE LEGAL PACK IS AVAILABLE UPON REQUEST.

ENERGY PERFORMANCE CERTIFICATE

D-84

SERVICES

All mains services save for Gas are believed to be connected and available.

Legal Fees

The purchaser will be responsible for the vendors legal expenses, please call to discuss.

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