Summary - Swanswell,15 Alcester Street,REDDITCH,B98 8AE B98 8AE
1 bed 1 bath Commercial Property
Let commercial freehold in central Redditch—3,198 sq ft with strong yield potential and medium-term income..
- Prominent town-centre location off Alcester Street
- 3,198 sq ft total (mostly first-floor office space)
- Let to Swanswell Charitable Trust at £22,000 pa plus VAT
- Offers sought £250,000 (c. £78 psf) — NIY ~8.58% assumed
- New 999‑year lease at completion; peppercorn ground rent
- Tenant lease expires 31/03/2031; break option 30/03/2027
- Area classified as deprived; local crime rate very high
- VAT payable and service charge applies; EPC available on request
A prominent town-centre commercial freehold extending to 3,198 sq ft, offered with long virtual freehold title (new 999-year lease at completion) and let in its entirety to Swanswell Charitable Trust. The building benefits from a dedicated ground-floor entrance off Alcester Street, substantial first-floor office accommodation and vehicular access to the rear via Wellington Street — a straightforward investment for a buyer seeking central, let commercial stock.
The property produces a passing rent of £22,000 pa, with offers sought at £250,000 (c. £78 psf), representing a reported net initial yield of c. 8.58% after purchaser’s costs. VAT is expected to be payable and the sale is likely to be handled as a TOGC. There is a service charge payable by the tenant for communal upkeep; EPC is available on request.
Location strengths include a prominent position off Church Green in Redditch town centre, strong road and rail links to Birmingham and the M42, and a broad mix of nearby retail and leisure amenities. Buyers should weigh the clear income profile against local market and area factors before proceeding.
Important negatives are factual and material: the tenancy is a five-year term expiring 31/03/2031 with a tenant break on 30/03/2027 and a rent review in 2028, so income security is medium-term rather than long-term. The wider area is classified as deprived with a very high local crime rate, which may affect occupational demand and future rental growth. Further details on service charge, VAT treatment and EPC should be obtained prior to offer.
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