Bromsgrove office investment expected to sell for £500,000 plus
A Grade II listed office investment property in Bromsgrove is one of a number of commercial lots in Bond Wolfe Auctions’ sale on Wednesday 28 October.
The bromsgrove freehold office investment property is currently occupied by a law firm, a long term established tenant currently paying £42,000 rent per annum.
Strand House extends over three floors and has a substantial car park to the rear. It will go under the hammer with a guide price* of £495,000+.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “Strand House occupies a prime town centre position on 0.51 of an acre. This is well known site at the heart of one of the most popular dormitory commuter towns in the West Midlands. It is positioned at the top of the High Street with supermarkets and all town amenities close by.
“Bromsgrove sits on the ‘elbow’ of the M5/M6 corridor linking to the M42 and M40. With fast access to national and international rail services and flights, it is very popular with business.
Strand House, 68-70 The Strand, is let on a renewed lease which expires on 31 August 2025. The building is let to Thomas Horton LLP, a law firm established in 1850, with offices in Bromsgrove and Redditch.
Bond Wolfe Auctions has recently announced plans to run commercial auctions separately from residential sales from the Spring of 2021.
Bond Wolfe Auctions will offer a total of 212 lots at its auction on Wednesday 28 October, livestreamed via the www.bondwolfe.com website with remote bidding by proxy, telephone and internet only.
Anyone interested in the auctions or with properties for sale in future auctions should contact [email protected] or call 0121 312 1212.