26 The Strand, Bromsgrove, B61 8AB
A freehold office and residential investment opportunity in Bromsgrove
Guide price*
£275,000+
Plus fees
Lot information
Commercial Investment
Auction details:
Thursday 10th July 2025 @ 08:30AM
A freehold office and residential investment opportunity Current gross income: £23,500 pa.
Property Description
26 The Strand is a beautiful and well-maintained Grade II listed end of terrace property. It has plenty of period charm, including exposed beams, whilst it incorporates modern lighting, fire and alarm systems. The property can currently be accessed direct from The Strand or via the gated rear car park which provides ample parking for the building. The property currently comprises of three separate units and tenancies. The ground and first floor units have an established E use class making it ideally suited for all commercial, business and service uses. The second floor, which has its own dedicated entrance, has recently been converted back to a one-bedroom flat. There could be an opportunity to convert some more of the commercial space into residential dwellings subject to planning (STP).Location
Bromsgrove is situated approximately 30 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 5 mile radius.Bromsgrove has extremely good road communication links with the Bromsgrove A38 eastern bypass giving direct access to junctions 1 of the M42 motorway (1.5 miles distance) and junction 4 of the M5 motorway (3 miles distance). The town has a main line railway station in Aston Fields with regular services to Birmingham and Worcester Stations.
The Strand is situated approximately 100 yards off the northern end of Bromsgrove main High Street.
Tenure
Freehold – Subject to the existing tenancies.Tenancy Details
The part ground floor unit is let on a five year lease which expires on 5 February 2029. The passing rent is currently £7,200 per annum. There is a rent review at the end of year 2.The part ground and first floor unit is let on a five year lease which expires on 16 February 2028. The passing rent is currently £8,500 per annum. There is a rent review and tenant break on the third anniversary (17 Feb 2026).
The second floor unit is let on an six month AST which expires on 18 May 2025. The passing rent is currently £7,800 per annum.
Total Passing Rent: £23,500 per annum.
Value Added Tax
We understand VAT is not applicable on this transaction.Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Service Charge
There is currently a service charge being charged to the above Tenancies (full details in legal pack).Viewings
Strictly by appointment with the Auctioneers.Accommodation
| Sq.m. | Sq.Ft. | |
|---|---|---|
| Part Ground Floor: | 33.09 | 356.17 |
| Part Ground Floor & First Floor: | 66.08 | 711.27 |
| Second Floor: | 22.80 | 245.41 |
| Total: | 121.97 | 1,312.86 |
DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
VIEWINGS
Buyers are deemed to have viewed the property (if access is available), viewed the virtual tours where applicable and undertaken all their due diligence checks prior to bidding.
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
