Investment
Multi Let Industrial Estate Investment – Redditch
Redditch Trade Centre, New Meadow Road, Redditch, B98 8YW
For Sale
Terms
57,385 sq ft
Size
Gallery
- 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 breaks
- Freehold
More information
Contact Us
Team members
Associate Partner, Head of Alternative Investment
Rebecca Harper
Where to find this property
13,
New Meadow Road,
Redditch
B98 8YW
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