Offers over
£5,465,000
(£95.23/sq. ft)
Retail premises for saleRedditch Trade Centre, New Meadow Road, Redditch B97
57,385 sq. ft
About this property
Strategic location within the West Midlands in an established prime commercial area of Redditch
Estate of 6 terraces providing a total of 25 modern industrial and trade counter units, currently arranged as 16 units, totalling 57,385 sq ft (gia), with 150 car parking spaces
Site area of approximately 7.4 acres providing a very low site cover of just 18%
Currently 96% let producing a total 'topped up' passing rent of £409,902 per annum, providing a secure and diverse income stream
Low average rent of £7.10 psf with reversionary potential, based on recent lettings on the estate, of £465,500 per annum (£8.12 psf)
Strong WAULT of 6.2 years to lease expiry and 5.8 years to break
Freehold
The property comprises a trade park formed in six terraces providing a total of 25 modern industrial and trade counter units, currently arranged as 16 units. Of steel portal frame construction with insulated cladding panels and plastic-coated profile steel sheeting to the roof, the units have an eaves height of approximately 4m. The estate roads are laid to tarmacadam with the parking areas in brick paviours.
Redditch Trade Centre totals approximately 57,385 sq ft (gia) of accommodation with units ranging from 1,000 sq ft to 8,500 sq ft.
A total of 150 car parking spaces are provided.
Location
Redditch, situated approximately 15 miles south of Birmingham, is an established industrial and commercial centre within the West Midlands.
The town is home to a range of occupiers across automotive, logistics, trade counter and advanced manufacturing sectors including gkn, Halfords and Amazon.
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