The property comprise 0.65 acres of land with a 2,558 sq ft workshop of steel portal frame construction and asbestos clad rood with internal office accommodation and two mezzanines. The site also comprises a nissen hut and porta cabin office accommodation as well as additional stores.
The site boasts a prominent location on Hoobrook Trading Estate with a number of pipeline developments nearby.
Location
The premises is located on the Hoobrook Trading Estate in Kidderminster and is accessed from the main A442 Worcester Road to the east. Kidderminster town centre lies approximately 2.1 miles to the north. Junction 4 of the M4 lies c. 10 miles to the east and provides access to the Black Country and wider national motorway network.
Accommodation
Workshop - 2,558 sq ft
Adjoining Stores - 415 sq ft
Mezzanine 1 - 183 sq ft
Mezzanine 2 - 344 sq ft
Front Offices - 568 sq ft
Porta Cabin Office 1 - 265 sq ft
Porta Cabin Office 2 - 272 sq ft
Nissen Building - 1,548 sq ft
Total GIA - 4,078 sq ft (Excl. Mezzanine & Nissen building)
Terms
Price - £180,000
Rating Assessment:
Rateable Value: £16,750
U.B.R.: XXX in the £ (2020/2021)
Tenure - Long Leasehold: 70 years from 23rd December 1983 thereby expiring 22nd December 2053 (32 years remaining) at a ground rent of £11,000 pa subject to 7 yearly rent reviews (next review December 2025).
VAT - We understand the property is not V.A.T. registered.
Fixtures, Fittings & Services - We have not tested any apparatus, equipment, fixtures, fittings or services to the buildings or site. We therefore cannot verify that they are in working order or fit for their purpose.
Specification
- Potential development opportunity
- Prominent location in Kidderminster
- Long leasehold – 32 years unexpired
- Existing workshop and office accommodation on site