Mount Pleasant, Redditch

Property Details: • Type: Guest House • Tenure: N/A • Floor Area: N/A

Key Features: • Rare Property Investment Opportunity • Hotel For Sale with 3 Additional Retail Units Included • £86,400 Per Annum From All Units • Seeking Offers In Excess of £750,000 • Approximately 7 Year Lease Left Remaining On Retail Units

Location: • Nearest Station: Redditch Station • Distance to Station: 0.4 miles

Agent Information: • Address: 3 Alcester Street, Redditch, B98 8AE

Full Description: SUMMARYDo you have Vision and fancy a Business Venure? , then this is for you. A HOTEL AND 3 RETAIL UNITS. Now for the excitment. it already has a Steady income ( Total - £7,166 per month / £85,992 per annum, Gross Yield - 9.55% before fees / running costs). But it could earn you much much more.DESCRIPTIONThe building is situated in a fantastic location in Redditch with easy access to the Redditch Town Centre offering amenities such as shops, eateries, cinemas and offers good transport links such as the bus/train station heading out of the town. The building contains 3 floors and has parking available to the rear of the building. Sits on a 0.15 acre plot.Total - £7,166 per month / £85,992 per annumGross Yield - 9.55% before fees / running costsHotelRental income - £2,600 per monthLeased until 2027RestaurantRental income - £1,500 per monthLeased until 2032TakeawayRental Income - £1,083 per monthLeased until 2028BarbershopRental income - £1,083 per monthLeased until 2028Residential One Bedroom ApartmentRental income - £900 per month1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. 3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.BrochuresFull Details