Redditch Ringway, Redditch
LOCATION
Redditch is located in north-east Worcestershire, approximately 17 miles south of Birmingham city centre with a population of approximately 84,300 with a primary catchment of around 189,000 people.
The modern purpose-built fully fitted retail warehouse is prominently located off Redditch Ringway in close proximity to Redditch town centre. The property is situated between the Kingfisher Shopping Centre and the Trafford Retail Park and there are other national out of town food and non-food retailers represented nearby including Lidl, Dunelm, Wickes and Halfords.
ACCOMMODATION
The property has the following approximate gross internal floor areas:-
| Ground Floor | 10,110 sq ft | 939.2 sq m |
| First Floor | 4,465 sq ft | 414.8 sq m |
| Second Floor | 773 sq ft | 71.8 sq m |
| Total | 15,348 sq ft | 1,425.8 sq m |
There are approximately 50 car parking spaces within the demise.
TENURE
The property has a passing rent of £146,000 pax, plus VAT, with a lease expiry on 9 November 2029 (subject to a tenant break option in November 2024).
TERMS
Offers are invited for an assignment or underletting of the whole of the premises.
RATEABLE VALUE
We understand from the Valuation Office Agency website that the property has a rating assessment of £126,000 with effect from 1 April 2023. Interested parties are advised to make their own enquiries.
ENERGY PERFORMANCE CERTIFICATE
Further details are available upon request.
LEGAL COSTS
Each party to be responsible for their own legal costs incurred in the transaction.
Plans
Francis Darrah for themselves and as Agents for the proposed Vendor(s) or Lessor(s) give notice: 1. That they do not make or give either in these particulars or in negotiations or otherwise any warranty or representation whatever in relation to the property. 2. Any plan attached to these particulars is for identification purposes only and all measurements are given as a guide and no liability can be accepted for errors arising therefrom. 3. The property being open to inspection any intended purchaser must satisfy himself as to the accuracy of these particulars and he will be deemed to have full knowledge thereof. 4. No liability can be accepted for any misstatement, omission or errors in these particulars. 5. These particulars do not constitute an offer or Contract or any part thereof.