Ridgeway Trading Estate, Feckenham Road, Astwood Bank, Redditch, B96 6DS

Features

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: 01527 584 242
M: 07977 00 88 15
ian@truslove.co.uk