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For Sale£6,500,000.00

Threadneedle House, Alcester Street, Redditch, B98 8AB

Mixed Use, Other Property Types & Opportunities , 34025 Sq Ft
Property type: Mixed Use, Other Property Types & Opportunities
Tenure: Investment Opportunity, For Sale Freehold
Size: 34025 Sq Ft
Price: £6,500,000.00
Location: Threadneedle House, Alcester Street, Redditch, B98 8AB
FULLY LET AND UNBROKEN, RESIDENTIAL INVESTMENT

- Attractive unbroken Freehold residential investment located in the centre of Redditch.
- Excellent location close to the main transport hubs and local amenities including the Kingfisher Shopping Centre.
- Total of 48 apartments extending to a total aggregate GIA of 34,025 sq. ft.
- Currently 100% let on Assured Shorthold Tenancies producing a gross income of £370,080 per annum.
- Estimated rental value in the region of £377,181 per annum.
- 20 car parking spaces to the rear of the property.
- Offers invited in the region of £6,500,000 (Six Million Five Hundred Thousand Pounds) for the Freehold interest, subject to contract and exclusive of VAT.
- An acquisition at this level reflects a gross yield on gross ERV of 5.8%, average unit value of £135,000 and a low capital value of £191 per sq. ft.

( Agency Pilot Software Ref: 2038904 )
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