No longer on the market
This property is no longer on the market
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Property
Features and description
- Investment opportunity
- Popular location
- Hall green
- Commercial lock up
- Two refurbished flats
A rare opportunity to acquire a mixed-use investment site generating a potential income of over £31,000 per annum. The site comprises two refurbished flats to the front with a commercial lock up unit and parking to the rear. The unit and car parking would suit a range of businesses.
The property is situated in a popular location on the Priory Road in Hall Green, Shirley.
The accommodation is arranged as follows:
Ground Floor Flat – Two bedroom refurbished flat with parking to the front. Currently Vacant with an estimated rent of £1000.00 per calendar month.
First Floor Flat – Two bedroom refurbished flat with parking to the front. Currently Let on AST for £900.00 per calendar month.
Unit to Rear – Lock up unit/workshop to the rear accessed through secure gates. Unit comprises approximately 67 sqm Gross Internal Area and provides a works space approximately 36.5 sqm with roller shutter door, a further door provides access into a kitchen area and two offices. The unit is currently let on a License for £700.00 per calendar month, however there is an option to have the unit as a vacant possession for potential owner occupiers.
Parking to the rear includes a 10 x car spaces marked out in bays and further storage area.
Purchase Price – Offers Over £500,000 (no VAT)
Tenure - Freehold, subject to various leases.
Viewing - Strictly by appointment
The property is situated in a popular location on the Priory Road in Hall Green, Shirley.
The accommodation is arranged as follows:
Ground Floor Flat – Two bedroom refurbished flat with parking to the front. Currently Vacant with an estimated rent of £1000.00 per calendar month.
First Floor Flat – Two bedroom refurbished flat with parking to the front. Currently Let on AST for £900.00 per calendar month.
Unit to Rear – Lock up unit/workshop to the rear accessed through secure gates. Unit comprises approximately 67 sqm Gross Internal Area and provides a works space approximately 36.5 sqm with roller shutter door, a further door provides access into a kitchen area and two offices. The unit is currently let on a License for £700.00 per calendar month, however there is an option to have the unit as a vacant possession for potential owner occupiers.
Parking to the rear includes a 10 x car spaces marked out in bays and further storage area.
Purchase Price – Offers Over £500,000 (no VAT)
Tenure - Freehold, subject to various leases.
Viewing - Strictly by appointment
Property information from this agent
About this agent
Hunters Estate Agents and Letting Agents Redditch have been operating in and around the district since 2017. Richard Hadley, Franchise owner, formerly owned Hadley & Co which had been in the area for over a decade. Richard has lived in the area all his life apart from a few years at University. His academic background was in project/business management, but started dealing in property personally from 1998. Hadley & Co was born out of a bedroom in Redditch in 2003. Since then the housing market and industry has changed hugely so took a huge step forward and joined one of the largest estate agencies nationwide. Looking to sell your Redditch property? Why not get the process started with your free, no-obligation valuation? Choose from a free online valuation that can be completed in minutes or arrange for one of our property experts to view your house in person. In order to provide the level of service that Hunters Estate Agents and Letting Agents Redditch are proud of nothing is more important than the people who are in the business. The team at Hunters Redditch are privileged to have some very experienced and capable team members, who can also offer the personal touch demanded. None more so than Kathryn Loynes, who manages the lettings team: Tracey Clarke, Alice Coley, Tom Cleaveley, and Christopher Abbett, who manages the sales team: Susanna Cookes, Kelby Pierpoint and Tom. Both of them are hugely experienced and have worked previously in corporate and other independent agencies and both been brought up in the area and still live locally. I think this is extremely important with regard to knowing the property and surrounding area, but equally for understanding what local people generally want when it comes to property.