2.137 acre freehold site with detached office buildings
A substantial freehold development site extending to 2.137 acres with two detached office buildings and large surface car parking. The KMB Building (c.4,500 sq ft) and Securehold Business Centre (c.2,500 sq ft) currently produce income to December 2025, while a separate 0.85 acre expansion parcel and a 0.56 acre council‑managed plot increase longer‑term potential. The site sits on Studley Road with good road links to the M42 and Redditch town centre roughly two miles away.
This opportunity suits investors or developers prepared to manage short-term tenancy arrangements and planning risk. The lot is offered freehold with existing leases: KMB Building at £24,000pa and Securehold Business Centre at £19,000pa to December 2025, plus a long lease to Redditch Borough Council on the Greenlands plot at a peppercorn. Offers are sought unconditionally; price quoted around £1.2m plus VAT.
Buyers should factor into acquisition planning the local context: the immediate area is classified as very deprived with higher crime levels and mixed commercial/residential surroundings. Services are believed available and transport connections are strong, but any redevelopment will require planning consent and consideration of the council‑managed parcel’s long lease.
In short: clear holding‑income, significant landholding with redevelopment or continued commercial use potential, and material local social challenges to be addressed in any long‑term scheme.