* Freehold
* Current gross income circa £71, 000 pa
* Asset management potential
* Well fitted throughout
* Popular location
* Potential for owner occupier
* Freehold
Superb opportunity to acquire two storey Serviced Office Centre. Currently
generating apprx £70, 000 pa gross with potential for asset management to
increase to circa £130, 000pa
**Location**
Faraday Business Centre is located on Windsor Road forming part of the Enfield
Industrial Estate close to Redditch Town Centre and close to the established
residential areas of Batchley and Brockhill which continues to expand to the
north and east.
Nearby occupiers include Pochins, Screwfix, Mettis aerospace and range of
independents including Tool & plant Hire, motorcycle dealership and bed
centre.
**Description**
The Property comprises a approximately 7, 000 sqft NIA serviced Office Centre
set over two floors providing a good complement of Single and General Offices
which can easily be combined for occupiers requirements.
The Premises were comprehensively refurbished approximately 5 years ago to
include separate Male and Female WC’s, shared Kitchenette and Breakout areas
together with an impressive Reception. Substantial investment was made into
the it infrastructure and the offices are fitted with quality furniture though
out.
Outside, ample parking is provided in front and to the side of the Premises.
N. b. We have not measured the premises but relied upon floor areas provided by
our Client.
**Tenure**
Freehold
**Tenancy Details**
The Property is currently Let on a variety of flexible Licences / Tenancy
Agreements, including a number of established tenancies, generating a current
gross income of £71, 084 pa.
A Tenancy schedule and sample tenancy agreement is available on request.
**Asset Management Potential**
There is potential to create additional Letting space and to secure Tenants
for the void areas, including possible trade counters, which could potentially
increase the Gross Rental Income by up to £55, 000 pa.
**Running Costs**
The Property is currently well managed by our Clients and we understand that
running costs are very low, full details can be provided.
**Purchase Price**
Offers in the region of £750, 000 plus VAT
the sale is to be handled by way of an auction contract, the legal pack is
available upon request.
**Energy Performance Certificate**
D - 84
**Services**
All mains services save for Gas are believed to be connected and available.
**Legal Fees**
The purchaser will be responsible for the vendors legal expenses, please call
to discuss.
**Anti - Money Laundering**
In accordance with Anti - Money Laundering Regulations, we require two forms of
Identification and confirmation of source of funding from all Purchasers.
**Viewing**
Strictly by appointment with our Office on

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