Major investment under the hammer in High Street hotspot
A major investment opportunity in Bromsgrove High Street will be offered at Bond Wolfe Auctions’ next sale on Wednesday 9 December.
The property is one of a growing number of investments regularly featuring in Bond Wolfe Auctions’ livestreamed online auctions.
The high profile, period-styled property at 54-56 High Street, Bromsgrove, is let to WH Smith Retail Holdings Ltd on a five year lease from June 2017 at a current rent of £37,500 per annum. It is a prominent location and the building totals 4,045 sq ft over three floors. It has a guide price of £420,000+.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “Bromsgrove is not only a strong residential area in its own right, it is also a commuter town for Birmingham and Worcester and sits on the main rail line from Worcester through into the city centre’s professional quarter, shops and restaurants.
“This is a very well-known and recognised site sitting halfway down a very busy High Street and is a very attractive lot.
“High Street investment opportunities with bluechip tenants such as WH Smiths don’t come to auction often, so we are expecting significant interest in this lot and some competitive bidding on the day.”
Bond Wolfe Auctions’ next online auction will be livestreamed via the website from 9am on Wednesday 9 December 2020, with remote bidding by proxy, telephone and internet only. Click here to register to bid or to watch the auction live on the day of the auction please click here.