62-68 High Street, Bromsgrove, B61 8EX
A prime freehold retail and residential investment
- Prime retail/residential investment
- 3 ground floor shops with 2 flats above
- Tenants include Boots Opticians and Smart Ideas
- Freehold - Offers over £1,200,000 are sought for the freehold interest, representing a NIY 6.73%, based on a passing rent of £85,518
LocationBromsgrove is a prosperous and busy Worcestershire market town situated approximately 15 miles south west of Birmingham and 14 miles to the north east of Worcester. The town has excellent road communications being situated 2 miles from junction 1 of the M42 motorway and junction 4 of the M5 motorway. Bromsgrove’s railway station has recently been upgraded to provide a new interchange and provides fast and frequent trains to Birmingham New Street, Worcester, Hereford and Cheltenham.
The property comprises a purpose built retail parade of 3 well configured shop units on the ground floor with ancillary accommodation over first and second floors to one unit and residential on the two upper floors over the two remaining units. The property has the benefit of rear access from Windsor Street and there is also a large rear service yard/car park with space for 12 vehicles and 2 brick built garages.
AccommodationPlease see brochure.
PriceOffers in excess of £1,200,000 are sought for the freehold interest. A purchase at this level would represent a Net Initial Yield of 6.73%, allowing for purchasers costs of 5.92%.
TenancyPlease refer to brochure for a full tenancy schedule.
VATWe are advised that VAT is payable, although it is anticipated that the transaction will be dealt with by way of a TOGC.
EPCAvailable upon request.
Legal CostsEach party are to responsible for their own legal costs that may be incurred in this transaction.
Anti Money LaunderingIn accordance with Anti Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
2 & 4 Parade, Leamington Spa, Warwickshire, CV32 4DW
Investment, Retail For Sale
Offers in the region of £625,000