A £2.85 million property investment opportunity in Redditch has come on the market via commercial property agents John Truslove.
A sale and leaseback deal is being offered on a freehold 25,223 sq ft modern factory warehouse in Woolaston Road, Redditch, which is occupied by Edward Thomas Interiors Ltd on a new ten year lease.
Ian Parker, joint managing director of John Truslove, said: “Opportunities like this for a quality industrial investment don’t come along too often so we are anticipating strong interest from investors.
“The rent of £190,000 per annum provides a gross yield of 6.67%.”
The unit is located at the corner of Howard Road and Old Forge Drive on the popular, established Park Farm Industrial Estate.
Parker added: “Redditch is a popular location for businesses seeking good connections at the heart of the national motorway network, with Junction 2 and 3 of the M42 four miles to the north.
“The property is a lofty warehouse with an eaves height of 6.06m and two storey offices which are fitted out to a high standard, having been refurbished in recent years.”
The warehouse offers 19,294 sq ft, with two mezzanine platforms of 3,397 sq ft, and the offices including kitchenette and WCs extend to 5,929 sq ft. Outside is a large car park in a fenced and gated secure yard.
The vendor Edward Thomas Interiors Ltd is an established interior design firm, founded in 2015, operating exclusively within the new homes sector.
From its base in Redditch, the company designs, creates and installs bespoke show homes, sales centre, garden suites and retirement living complexes.
More details are available to view here or by emailing [email protected]