Mount Pleasant

Redditch

guide price

£800,000

Tenure: Freehold

Ref: RDC108931

request details floor plans trailer

Save

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

monthly mortgage estimate

request details floor plans trailer

Do 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.

Council Tax Band: A

Tenure: Freehold

floor plans

in detail

The 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 annum
Gross Yield - 9.55% before fees / running costs

Hotel
Rental income - £2,600 per month
Leased until 2027

Restaurant
Rental income - £1,500 per month
Leased until 2032

Takeaway
Rental Income - £1,083 per month
Leased until 2028

Barbershop
Rental income - £1,083 per month
Leased until 2028

Residential One Bedroom Apartment
Rental income - £900 per month

location

get directions to the property to the branch

Monthly mortgage estimate ">

Use our handy mortgage calculator to estimate what your monthly repayments could be. Edit the fields below with the relevant details or, if you’d like a more accurate view on what your repayments could be, complete our mortgage enquiry form below and our Mortgage Consultant will be in touch.

* Terms and Conditions apply.

Mortgage enquiry

Interested in this property?

Get in touch Redditch team...

3 Alcester Street
REDDITCH
Worcestershire
B98 8AE

Looking for something else? view all our properties

We're here to help more about our team

thinking of selling or letting? book a free valuation

Book now

*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR MORTGAGE.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.

Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.