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Retail Property (high street) for sale

High Street, Bromsgrove, Worcestershire, B61

Guide Price £230,000

Property Description

Full description

Tenure: Freehold

Income Producing Commercial Investment

Sales Area 44.3 Sq M (476 Sq Ft).
Storage Area 16 Sq M (172 Sq Ft).
Grade II Listed Building.

LOCATION: The premises are situated in an extremely prominent position within Bromsgrove town centre on the pedestrianised High Street.

DESCRIPTION: The premises comprise of a ground floor lock up retail unit situated within a Grade II listed builfing with two floors of office accommodation over, with its own separate rear access.

ACCOMMODATION: Approximate internal areas are detailed below:

GF - Sales Area 44.3 sq m 476 sq ft
GF - Storage Area 16.0 sq m 172 sq ft
FF - Office 41.7 sq m 448 sq ft
FF - Store 6.7 sq m 72 sq ft
FF - Kitchen 5.2 sq m 55 sq ft
SF - Office 14 sq m 150 sq ft
SF - WC & Store 3 sq m 32 sq ft

The first and second floors are let on a 5 year lease from 23rd September 2016 at a rent of £4,000 per annum to Classic Liner Design Ltd. The lease contains tenant break clauses September 2017 and 2019.
The ground floor shop is let on a 3-year lease from 14 December 2015 to Gower Enterprise Limited, T/A E-Cigarette Direct Limited. The lease contains a tenant break clause, effective June 2017. The rental in year 1 is: £14,000 per annum, increasing to £15,000 in the remaining 2 years.

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