Freehold Town Centre Betting Shop Investment in Redditch B97

 Unicorn Hill, B97

Property Information

  • Reference number brit_1985841719
  • Property Type Office
  • Tenure Freehold
  • Current Occupant External Tenant


Unicorn Hill, B97

Property description

The property comprises basement, ground and three upper floors to provide a ground floor betting shop with ancillary accommodation to the basement. The first and second floors comprise self-contained office accommodation, whilst the two areas of the third floor are separated they are accessed from either side of the second floor. We understand the upper parts were previously sub-let by the tenant, but are presently unoccupied. The property provides the following accommodation and dimensions: 

Gross Frontage (Coral) 10.00 m 

Net Frontage (Coral) 8.40 m

Shop Depth 8.75 m

Built Depth 14.60 m 

Basement 34.35 sq m 

First Floor 107.10 sq m 

Second Floor 67.40 sq m

Third Floor (part) 26.30 sq m

Third Floor (part) – Not measured 

The  property let to  Coral Estates Ltd. with a guarantee from Coral Racing limited for a term of 15 years from 24th June 2009 at a current rent of £42,507.11 per annum. The lease provides for rent reviews every 5th year of the term and contains full repairing and insuring covenants.

Property is not occupied with current Tentans.

This property located in Redditch is located some 12 miles south of Birmingham and some 13 miles north-west of Stratford-upon-Avon and benefits from its proximity to both the M42 (Junction 2, 3.5 miles north) and M5 (Junction 5, 8 miles west) motorways.

The property is located on the North side of Unicorn Hill, close to its junction with the pedestrianised Market Place and Church Green West. Redditch Rail Station lies some 0.2 miles west of the property and the Kingfisher Shopping Centre is within close proximity.

Tenure  : Freehold


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