Property overview

Units 2-4, 1622 Bristol Road South, Rednal, Longbridge, Birmingham B45 9TY

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£1,500,000
Jun 2024

High yielding industrial investment located on the A38, 6½ miles south west of Birmingham city centre.

 

Across the A38 from the Longbridge regeneration area.  On the south side of Bristol Road South opposite a McDonalds drive thru and a site proposed for a new Aldi store. Adjoining the subject site is a Citroen repair garage and retail warehouse unit occupied by Kidderminster Carpets.

 

3 unit industrial terrace extends in total to 15,520 sq ft.

 

Let to single tenant on two leases.

 

Combined rent of £131,250 per annum.

 

We are instructed to seek offers in excess of £1,500,000 (One Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT.

 

A purchase at this price would reflect a net initial yield of 8.25%, assuming costs of purchase of 6.12%.

 

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