Summary - 187, Mount Pleasant B97 4JG
1 bed 1 bath Commercial Property
Period brick property with steady income and redevelopment upside close to town.
- Freehold mixed-use building with immediate rental income
- Ground-floor laundrette let at £5,250 per annum
- Upper flat let at £5,400 per annum; current layout compact
- Commercial unit suitable for alternative uses subject to planning
- Small rear garden and two off-street parking spaces
- Double glazing installed before 2002; may need upgrade
- Solid brick walls likely uninsulated; refurbishment required
- Tenants in situ — viewings by appointment only
A versatile mixed-use freehold in Mount Pleasant, Redditch, offering immediate rental income from a ground-floor laundrette and a let residential flat above. The ground floor currently produces £5,250 pa and the flat £5,400 pa; both tenancies are in place, giving an investor straightforward cashflow and scope to increase rents.
The building is a period red-brick property with Victorian features such as bay windows and high ceilings. There is a small enclosed rear garden and two off-street parking spaces accessed from the rear. The commercial unit has potential for alternative uses subject to obtaining planning permission.
Practical issues to note: glazing is double but pre-2002, the solid brick walls are likely uninsulated, and some internal areas require updating. The property’s fabric and services (heating via mains gas boiler and radiators) appear traditional rather than modern — suitable for an owner-occupier or investor prepared to undertake refurbishment to unlock greater rental value.
This is best suited to investors or buyers seeking a hands-on project in a well-connected town location close to Redditch town centre and station. The area has a mix of local amenities and generally good broadband and mobile connectivity, while local schools range from 'Requires improvement' to 'Outstanding'.
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