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Block 1, The Quadrant, Alcester Street, Redditch, B98 8AE

Mixed Use Existing Building with Development Potential (STP)

  • Freehold site extending to 0.79 acres (0.32 hectares) gross
  • Existing net income totalling £156,230.72 per annum
  • 31,519 sq ft existing building (NIA)
  • The Property is to be sold subject to existing tenancies
  • Potential residential development opportunity (STP)
  • Redditch Town Centre location
  • Offers invited for the freehold interest

Download the marketing particulars here.

For further information contact:

Lucy Hancock
Avison Young
T: 0121 609 8132
M: 07585 990 784
E: lucinda.hancock@avisonyoung.com
Mark Birks
Avison Young
T: 0121 609 8463
M: 07985 234 596
E: mark.birks@avisonyoung.com
James Pearson
GCW
T: 0207 647 4817
M: 07817 410 361
E: james.pearson@gcw.co.uk
Jack Firminger
GCW
T: 0207 647 4827
M: 07964 866 964
E: jack.firminger@gcw.co.uk
Block 1 The Quadrant

Viewings

All parties wishing to inspect the property are required to make prior arrangements with Avison Young or GCW. Avison Young and GCW request that interested parties do not attempt to gain access to the property outside of accompanied viewing inspections. We would request discretion in the event interested parties undertake any roadside inspections of the property.

Basis of offers

Our client has a strong preference for a sale of the freehold interest in the entire property on an unconditional basis. Conditional offers may also be considered. All offers whether on a conditional or unconditional basis should be supported by satisfactory proof of funds and timescales for exchange and completion. Offers on a conditional basis should include details of the conditions to be discharged together with details of the timescales, scheme proposals (for bids on a subject to planning basis) and further details of the purchasing company.

Offers are to be submitted using the bid proforma that is available within the data room.

The bid proforma, together with any supporting information, is to be submitted to the selling agents lucinda.hancock@avisonyoung.com and james.pearson@gcw.co.uk

All offers are to be exclusive of VAT which may apply.

Interested parties are permitted to submit an offer on more than one basis.

Our client reserves the right not to accept the highest or any offer received.

Subject to Contract – March 2019.