Office investment on the market for £1.2m
A fully let office investment in Redditch has been brought to the market with an asking price of £1.2m.
The 7,245 sq ft office building at 3 Brooklands, Moons Moat Drive, Redditch, is being offered freehold and has a headline rent roll of £90,600 a year.
Ben Truslove, joint managing director of Worcestershire commercial property agents John Truslove, said: “Brooklands occupies a highly prominent position, fronting on to Moon Moat Drive just off the Coventry Highway and with fast access to Junction 3 of the M42 and the national motorway network.”
The ground floor is let to EIC for five years from February 2020 and the first floor is let to Capita Business Services on a five year term from December 2018.
The building comes with 26 parking spaces in a barrier-controlled car park.
Truslove added: “This is exactly the kind of high quality investment opportunity that Redditch can offer but which very rarely comes to the open market.
“The building is currently owned by a Birmingham-based investor who is seeking to sell to repurpose the capital raised for further development projects in what is an increasingly active market.”
