95 High Street, Bromsgrove, Worcestershire, B61 8AQ

A Freehold Retail Investment Opportunity let to Ryman Stationers Current Gross Income: £25,500

Property details

Type Investment
Tenure Freehold subject to the existing tenancy
Price £295,000+
Mail icon

Enquire about this property

Save property
Features
  • For sale by public auction on 27th October.
  • Prominent central Bromsgrove position.
  • Amongst a number of high-quality high street traders such as being adjacent to Santander and New Look, and opposite Lloyds TSB, Timpson and Greggs.
  • Excellent road communications being situated 2 miles from junction 1 of the M42 motorway and junction 4 of the M5 motorway.
  • Guide price £295,000+
Location
The property occupies an enviable trading position right in the heart of Bromsgrove town centre, being amongst a number of high-quality high street traders. It is located adjacent to Santander and New Look, and opposite Lloyds TSB, Timpson and Greggs. Bromsgrove 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.
Description

The property comprises a mid-terraced high street property with a ground floor retail unit, and ancillary accommodation on the first and second floors. There is rear access to the upper parts, providing excellent scope for potential future alternative use.

Accommodation
Ground floor retail - 229 sqm / 2464 sqft
1st floor- 186 sqm / 2002 sqft
Second floor Ancillary- 83 sqm / 893 sqft
Price
£295,000+
Tenancy
The property is let to Ryman Stationery on a renewed lease, expiring 7th July 2024, at a low passing rent of £25,500 per annum.
EPC
D.