Commercial Property
The property is situated in Union Street within a well established commercial environment just off the A4182 Kenrick Way and been adjacent to Iveco Guest.
The property benefits from excellent access to the Midland and national motorway network via junction 1 of the M5 motorway which lies a short distance from the property.
The property comprises a long established industrial building with a gated yard. Arranged over three single storey workshops with ancillary offices, stores and WC's the accommodation extends to approximately 1,372 sq.ft. (127.53 sq.m.).
There is a gated yard/parking area to the side and rear of the property.
Commercial Investment
A Freehold Industrial Investment Opportunity
Current Rental Income: £8,700 per annum
We understand that the property is Freehold subject to a Lease for a term of 42 years with effect from the 11th August 1971. The Lease was assigned to J. T. Adams Springs Limited with effect from the 2nd February 2000. The tenant is currently holding over at a rental of £8,700 per annum.
A copy of the Lease will be available for inspection within the Legal Pack.
We understand that VAT will be chargeable on this transaction and full details will be contained within the Special Conditions of Sale within the Legal Pack.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
