94a - 100 High Street, Bromsgrove, B61 8EX
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Residential Investment
- 6 self contained flats
- Town Centre location
- Current Gross Income £37,200pa
- Potential for rental growth
- Demised parking
Description
Location - The Property is located above Bromsgrove High Street, conveniently accessed to the rear via Windsor Street which links to New Road and the Stratford Road.
The Premises are conveniently located offering access to all of the Town Centre amenities, close to Bromsgrove bus and train station.
Description - The Property comprises a block of six self-contained flats above retail accommodation on the High Street. Accessed stairs leading from rear car park off Windsor Road in Bromsgrove Town Centre.
Accommodation arranged as follows:-
First Floor:
Flats 94A and 102 – both comprising kitchen, lounge / bedroom, shower room with shower cubicle, wash hand basin and WC. Stairs ascend to:
Second Floor:
Flats 96A and 98A - both comprising kitchen, lounge / bedroom, shower room having shower cubicle, wash hand basin and WC.
Flats 100A and 102A – both comprising entrance hallway, bedroom, inner lobby and benefitting from bath, shower over, hand basin and WC, lounge and kitchen.
All of the accommodation is in good order and recently been re-decorated or refurbished and presents well.
Outside:
Each flat benefits from storage shed and car parking space within the secure rear yard.
Tenure - The property is held by way of a 125 year long leasehold from 2006 at a ground rent of £200pa.
The property is subject to six Assured Shorthold Tenancies (AST) generating a total gross income of £37,200pa with individual rents ranging from £475.00 to £625.00 pa
Asset Management - There is potential to increase the rents, which could generate a gross return of circa 8.5%
Purchase Price - £475,000
Services - All mains services are available
Council Tax - The flats are all based in Band A for Council Tax purposes.
Energy Performance Certificate - Available on application.
Anti-Money Laundering - In accordance with Anti-Money Laundering Regulations, we require two forms of Identification and confirmation of source of funding from all Purchasers.
Viewing - Strictly by appointment with our Reception on .
Brochures
94a - 100 High Street, Bromsgrove, B61 8EX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bromsgrove Station1.0 miles
- Barnt Green Station3.4 miles
- Alvechurch Station4.0 miles
About John Truslove, Redditch
Daralbee House Archer Road, Redditch, Worcestershire, B98 8DJ
John Truslove is a Redditch based property consultancy which was established over 30 years ago.
We advise clients on all aspects of commercial property within the West Midlands, Worcestershire and Warwickshire.
The first and most important thing for you to know is that, quite simply, we aim to be good and honest.
Good to deal with, honest and true, professional and effective.
Notes
Disclaimer - Property reference 32608144. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Truslove, Redditch. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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