PRESS RELEASE
17 February 2017
GJS DILLON BRINGS RARE WORCESTERSHIRE
INDUSTRIAL FREEHOLD TO MARKET
Worcestershire commercial property consultancy and Chartered Surveyors GJS Dillon has been appointed to market a rare freehold of a 14,000 sq ft industrial unit in Redditch.
Unit 10 Merse Road, North Moons Moat/Ravensbank, Redditch, B98 9HL is a 13,688 sq ft detached modern industrial warehouse, which includes a ground floor reception or showroom area and first floor office accommodation, located on a popular trading estate close to Junction 3 of the M42.
Unusually, with the current shortage of freehold industrial property throughout Worcestershire, the owner is prepared to sell, as well as to let the building.
“We expect this property to be snapped up quickly by a Worcestershire business owner looking to buy their own premises by taking advantage of the low interest rates and the banks’ continued willingness to lend,” says GJS Dillon Commercial Negotiator Charlie Green.
“It would also suit an investor looking for a good rate of return and organisations looking to rent for a 10 year term who are looking for storage, office and trade showroom facilities.
“The value of Worcestershire industrial property continues to rise. Our recent research shows that it has increased by more than 25% in the past two years, with some hotspots seeing an uplift of up to 50%.”
The freehold guide price is £895,000. The guide rent is £65,000 pa exclusive. Further information is available from Charlie Green or Sandy MacPherson at GJS Dillon on tel. 01905 676169 or email or charlottegreen@gjsdillon.co.uk or sandymacpherson@gjsdillon.co.uk.
With offices in Bromsgrove, Droitwich & Worcester, GJS Dillon is a firm of Chartered Surveyors which offers a comprehensive commercial property service including commercial agency, commercial property management, valuations and building consultancy, as well as unrivalled geographical coverage, throughout Worcestershire and along the M5 and A38 corridors.
Picture caption: 10 Merse Road, Redditch.