Lakeside House, 58A Arthur Street, Redditch, Lakeside, Redditch, Worcestershire, B98 8JY
Description
£400,000.00
Lakeside House, 58A Arthur Street, Redditch, Lakeside, Redditch, Worcestershire, B98 8JY
Features
- Modern Offices Investment
- 4,085 SQ FT GIA
- Current Income £42,500 Gross (Potential ERV £55,750 Gross)
- Flexible Accommodation
- Virtually Fully Let
- Parking
Description
Arthur Street is an established commercial location where the majority of neighbouring properties are factories, showrooms and offices. There is a convenient frequent public transport system and a good supply of local labour. Lakeside House is substantially built in rendered red brick beneath a flat bituminous felt roof. The building has undergone full refurbishment, with finishes to a high standard, including double-glazed uPVC windows; suspended fissure-tiled ceiling with inset fluorescent lighting; metal radiators connected to gas-fired central heating boiler; three-ay perimeter trunking; carpet tiles throughout; separate male and female WCs and Kitchenette. There is a Forecourt approached direct from Arthur Street to accommodate some 4-5 cars and a large hard-surfaced communal car park to the rear. It is partitioned at present to provide various suites, male and female WCs and kitchenette. The total Gross Floor Area is 4,085 sq ft split over nine Offices.
Tenure
Freehold subject to Tenancies below: Suite 1&2 – available Suites 3&4 – Let to Kingfisher Care at £20,0000pa Suite 5&6 – Let to Third Party Solutions £7500pa (could be made vacant) Suite 7 – Let to Flash Fire & Security £7500pa Suite 8 – Let to BDA Management £7500pa All rents are inclusive of utilities and other outgoings, save for telephones.
Purchase Price
£400,000
Rateable Value
All Offices are separately rated but under the threshold for void rates for qualifying tenants.
Services
All mains services are connected.
Legal Fees
Each party to bear their own Fees.
Viewing
Strictly by appointment with our Reception – 01527 584242.
Features
- Modern Offices Investment
- 4,085 SQ FT GIA
- Current Income £42,500 Gross (Potential ERV £55,750 Gross)
- Flexible Accommodation
- Virtually Fully Let
- Parking
Description
Arthur Street is an established commercial location where the majority of neighbouring properties are factories, showrooms and offices. There is a convenient frequent public transport system and a good supply of local labour. Lakeside House is substantially built in rendered red brick beneath a flat bituminous felt roof. The building has undergone full refurbishment, with finishes to a high standard, including double-glazed uPVC windows; suspended fissure-tiled ceiling with inset fluorescent lighting; metal radiators connected to gas-fired central heating boiler; three-ay perimeter trunking; carpet tiles throughout; separate male and female WCs and Kitchenette. There is a Forecourt approached direct from Arthur Street to accommodate some 4-5 cars and a large hard-surfaced communal car park to the rear. It is partitioned at present to provide various suites, male and female WCs and kitchenette. The total Gross Floor Area is 4,085 sq ft split over nine Offices.
Tenure
Freehold subject to Tenancies below: Suite 1&2 – available Suites 3&4 – Let to Kingfisher Care at £20,0000pa Suite 5&6 – Let to Third Party Solutions £7500pa (could be made vacant) Suite 7 – Let to Flash Fire & Security £7500pa Suite 8 – Let to BDA Management £7500pa All rents are inclusive of utilities and other outgoings, save for telephones.
Purchase Price
£400,000
Rateable Value
All Offices are separately rated but under the threshold for void rates for qualifying tenants.
Services
All mains services are connected.
Legal Fees
Each party to bear their own Fees.
Viewing
Strictly by appointment with our Reception – 01527 584242.
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