Pipers Road, Park Farm Industrial Estate, Redditch, B98 0HU

Features

• 9 YEAR F R I LEASE
• LEASE EXPIRY 30/10/2026
• ANNUAL RENT OF £47,500
• INCREASING TO £50,000 31/10/23
• POPULAR LOCATION
• FREEHOLD

LOCATION

The Property is located on Pipers Road within Park Farm Industrial Estate, which is a well-established commercial area. Redditch Town Centre is approximately 2.5 miles to the north via Icknield Street Drive (B4497).

Transport links are excellent with Birmingham Road (A435) providing convenient access to J3 of the M42, which is approximately 6 miles to the north.

DESCRIPTION

The Property comprises a detached, rectangular two bay factory / warehouse unit with integral office accommodation and welfare facilities.

The Property is of steel portal frame construction, with a ridged and pitched insulated roof over brick and block cavity dwarf walls with insulated profile steel cladding above. Access is provided to the warehouse via two loading doors, one to the front elevation and one within the northern flank wall.

The Gross Internal Area (GIA) of the property extends to approximately 9,351 sqft (869 sqm), with a section of Mezzanine floor providing a further 1,789 sqft (166 sqm).

Externally, the property benefits from a car park to the front with a hard surfaced yard providing access to the loading doors and external storage to the rear.

ASKING PRICE

£795,000

RATEABLE VALUE

£50,000

ENERGY PERFORMANCE CERTIFICATE

Band D (90)

SERVICES

All mains services are connected, with the office accommodation benefitting from gas-fired central heating.

TENURE

Freehold – subject to a 9 year Lease on Full Repairing and Insuring Terms from 31.10.2017. The current Annual Rent is £47,500 pa, increasing to £50,000 pa w.e.f. 31.10.2023 until Lease expiry.

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 01527 584 242