Back to Bond Wolfe Auctions

Investment property with retail unit

Redditch, B97 - Get Access

Description

A freehold town centre retail investment producing a current gross rent of £15,000 per annum. The property comprises a two-storey mid parade building with a ground floor retail shop and ancillary accommodation on the first floor. 39 Unicorn Hill occupies a prominent town centre position close to the Kingfisher Shopping Centre, Redditch Railway Station, and the town's principal retail and leisure facilities. The surrounding area comprises a strong mix of national and independent retailers, restaurants, professional offices, and civic uses, making Unicorn Hill a well-established commercial location within the town centre. Accommodation comprises a ground floor retail shop extending to approximately 638 sq. ft. (59.3 sq m) and first floor offices, storage, and staff WCs extending to approximately 331 sq. ft. (30.8 sq m), giving a total area of approximately 969 sq. ft. (90.1 sq m). The property is let in its entirety to AA Elite Glazing Ltd for a term of 10 years from 4 April 2026, expiring 3 April 2036, at a passing rent of £15,000 per annum with a break clause and rent review scheduled for 3 April 2031. Energy Performance Rating: Rating D (valid until 2 December 2031). Tenure: Freehold, subject to the existing tenancy. Business Rates: Current rateable value is £13,500. Viewings are restricted to external viewings only with no internal viewings arranged.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 969 sq ft (Listing)

Valued as a freehold commercial retail investment comprising a two-storey mid-parade shop and upper parts located in Redditch town centre. The property is currently let on a 10-year commercial lease generating £15,000 per annum. The valuation floor area of 969 sq. ft. is assessed against typical town centre commercial capital values and investment yields.

Unlock the full valuation
  • Exact estimated value and full value range
  • Detailed written analysis of how we reached this estimate
Unlock full report