A 25,223 sq ft modern warehouse on Woolaston Road, Redditch, is being offered on a sale and leaseback basis with a £2.85m price tag.
The unit, which is located on the Park Farm Industrial Estate, is occupied by interior design firm Edward Thomas Interiors on a new 10-year lease.
The site comprises 19,294 sq ft of warehouse space with two mezzanine platforms of 3,397 sq ft, circa 5,929 sq ft of office space and a large car park in a fenced and gated secure yard.
Ian Parker, joint managing director of John Truslove, which has been appointed to market the opportunity, 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%. 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.”
