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For Sale

Woolaston Road,
Redditch,
Worcestershire,
B98 7SG

  • Investment
  • 25,223 Sq Ft
  • £2,850,000

Sale and Lease-back Modern Factory Warehouse

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Key Features

  • Let to Edward Thomas Interiors Limited
  • New 10 year lease
  • Rent £190,000 pa exclusive
  • Gross Yield of 6.67%
  • Tenant Delphi score 72
  • Freehold

Property Description

The Property comprises a detached modern Factory Warehouse arranged as lofty warehouse benefiting from two vehicular access doors, an eaves height of 6.06m and heating via gas fired warm air heaters, together with two mezzanine platform stores.

In addition there are attached two storey offices providing a combination of both General and Private Office and a good complement of welfare facilities. The offices are fitted to a high standard throughout, having been refurbished in recent years. Heating and lighting are installed together with double glazed aluminium framed windows.

The accommodation is arranged as:

Warehouse - 19,294 sqft
Offices including WCs and kitchenette 5,929sqft
Total GIA = 25,223 sqft ((2344sqm)

Plus two mezzanine platforms within the warehouse of 3,397sqft.

Outside there is an large car park together with fenced and gated secure yard.
Opportunity
We are instructed to offer a sale of the above Freehold subject to a brand new 10 year lease-back to Edward Thomas Interiors Limited on Full Repairing and Insuring Lease at a rent of Edward Thomas Interiors Limited at £190,000 per annum.
Edward Thomas Interiors Limited
Edward Thomas Interiors, founded in 2015 are an interior design firm operating exclusively within the new homes sector. Based in Redditch but working across the UK, our team designs, creates and installs bespoke show homes, sales centres, garden suites and retirement living complexes.

Delphi rating of 72.
Purchase Price
£2,850,000 plus VAT
Services
All Mains Services are connected.
Rateable Value
£154,000
EPC
D100
Anit Money Laundering
In accordance with Anti-Money Laundering Regulations, we will require two forms of Identification.
Viewing
Strictly by appointment with our reception on 01527 582424

Location

The property is located at the corner of Howard Road and Old Forge Drive in the popular and established Park Farm Industrial Estate, which benefits from being at the heart of the motorway network with Junctions 2 & 3 Of the M42 being only 4 miles north via the A441 and A435 respectively. Junctions 4 & 5 of the M6 provide good access to Birmingham and the north, as well as Worcester and the south.

The premises are located on the outskirts of Redditch with the Town Centre being 1½ miles to the west. Evesham is located 6 miles to the south and Solihull 4 miles to the north.

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