62-68 High Street, Bromsgrove, B61 8EX
£288.05 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,166 sq ft
387 sq m
- SECTOR
Mixed use property for sale
Key features
- Prime retail/residential investment
- 3 ground floor shops with 2 flats above
- Tenants include Boots Opticians and Smart Ideas
- Prominent town centre location
- Freehold - Offers over £1,200,000 are sought for the freehold interest, representing a NIY 6.73%, based on a passing rent of £85,518
Description
Offers in excess of £1,200,000 are sought for the freehold interest. A purchase at this level would represent a Net Initial Yield of 6.73%, allowing for purchasers costs of 5.92%.
A prime freehold retail and residential investment
The property comprises a purpose built retail parade of 3 well configured shop units on the ground floor with ancillary accommodation over first and second floors to one unit and residential on the two upper floors over the two remaining units. The property has the benefit of rear access from Windsor Street and there is also a large rear service yard/car park with space for 12 vehicles and 2 brick built garages.
Accommodation
Please see brochure.
Location
Bromsgrove is a prosperous and busy Worcestershire market town situated approximately 15 miles south west of Birmingham and 14 miles to the north east of Worcester. The town has excellent road communications being situated 2 miles from junction 1 of the M42 motorway and junction 4 of the M5 motorway. Bromsgrove's railway station has recently been upgraded to provide a new interchange and provides fast and frequent trains to Birmingham New Street, Worcester, Hereford and Cheltenham.
Tenure
Freehold, subject to the existing tenancy.
Tenancy
Please refer to brochure for a full tenancy schedule.
VAT
We are advised that VAT is payable, although it is anticipated that the transaction will be dealt with by way of a TOGC.
EPC
Available upon request.
Legal Costs
Each party are to responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with Anti Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
Disclaimer
A director of Bond Wolfe has a vested interest in this property.
Brochures
62-68 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 Bond Wolfe, Commercial Sales
1st Floor 75-77 Colmore Row Birmingham B3 2AP
Bond Wolfe is a multi-disciplined property business specialising in property Auctions and property Agency with our head office based in Birmingham. Many of our highly experienced and dedicated team have been with the business for over 30 years.
We are truly proud of our Midlands roots and honoured to have represented the region since 1983. We also act for many clients across the UK and overseas too. Bond Wolfe has a great track record of selling, letting and managing property up and dow
Notes
Disclaimer - Property reference 176177. 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 Bond Wolfe, Commercial Sales. 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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