5 & 5a New Road, Bromsgrove, Worcestershire, B60 2HX

A freehold mixed use investment in Bromsgrove Town Centre. Current rental income : £26,600 p.a. Potential rental income : £33,100 p.a.

Property details

Type Investment
Tenure Freehold - Subject to existing tenancies.
Price £295,000 + Plus Fees
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Features
  • For Sale by Auction - 14th December 2022
  • Freehold Mixed-use Investment in Bromsgrove Town Centre
  • Current Income : £26,600. Potential Income : £33,100 p.a.
Location
The properties occupy a prominent position on New Road within walking distance of all local amenities in Bromsgrove Town Centre. Nearby occupiers include Waitrose, Poundland, JD Wetherspoon and Boots. Bromsgrove is approximately 13 miles to the southwest of Birmingham, 14 miles to the north of Worcester with the neighbouring towns of Droitwich and Redditch both being within a 6-mile radius. Bromsgrove has extremely good road communication links with the Bromsgrove A38 Eastern Bypass giving direct access to Junction 1 of the M42 motorway (1.5 miles distant) and junction 4 of the M5 motorway (3 miles distant).
Description

The property comprises a prominent corner property at the junction of New Road and Windsor Street. To the ground floor there are two separate retail shops with a 1 bedroom flat and a studio flat to the first floor, both being self-contained. The flats are accessed via a side entrance door on Windsor Street.

Accommodation
5 New Road - Ground floor lock-up shop, currently trading as a hair salon.
5a New Road - Ground floor lock-up shop, currently trading as an upholstery store.
Flat 1 - Studio flat with lounge/bedroom, kitchen & bathroom.
Flat 2 - Kitchen, lounge, bathroom & bedroom.
Price
Guide Price £295,000+ Plus Fees
VAT
We understand that VAT is not applicable on this transaction.