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Redditch, Worcestershire OIEO £6,600,000

Threadneedle House. Worcestershire

Sale

Description

Threadneedle House, an investment opportunity comprising 48 apartments in Redditch town centre, Worcestershire. This freehold residential property occupies a prominent position adjoining the Kingfisher Shopping Centre and offers strong rental performance supported by excellent transport links and continued local regeneration.

Fully let and income-producing, the property generates approximately £504,000 per annum and includes parking facilities within a well-connected Midlands location.

Financial Highlights

The rent is approximately £504,000 per annum

Additional parking income is approximately £12,000 per annum

Tenure Freehold

Title number WR160561

Key Information

Location Redditch, Worcestershire
Property Type Residential Apartments
Number of Units 48 (mix of 1, 2 and 3 bedrooms)
Parking 20 spaces (allocated and visitor)
GIA Approx. 0.618 Acres (34,995 sq ft)
Local Authority Redditch Borough Council
Connectivity Short walk to Redditch Train Station with direct services to Birmingham New Street in under 40 minutes. Easy access to M42 motorway and Birmingham International Airport within 30 minutes by car.
Offers in excess of £6,600,000

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