Bulleys Chartered Surveyors says ..

Property Oracle says ..

This commercial yard and premises located off Hewell Road in Redditch presents a mixed bag of opportunities and challenges. The location offers reasonable access to local amenities, including schools and transportation, which could be beneficial for employees or clients. However, the immediate industrial setting may not be ideal for all types of businesses. The property itself requires significant renovation, as evidenced by the condition of the buildings and the state of the yard. This could represent a substantial investment for any potential buyer. On the other hand, the property boasts a considerable amount of land, which could be a valuable asset. This land could be used for storage, expansion, or even redevelopment, depending on local regulations and market demand. The asking price of £2,000,000 appears steep when considering the condition of the property and comparing it to the average price per square foot in the area. However, the value of the land and the potential for future development may justify the price for the right buyer. Overall, this property is best suited for an investor or business owner who is willing to undertake a significant renovation project and capitalize on the value of the land.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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