£550,000

Retail premises for sale

  1.  1.Jpg
  2.  18 High Street Front Office A.Jpg
  3.  Rear Office Office B.Jpg
Freehold

Fixed price

£550,000

(£279.05/sq. ft)

Retail premises for sale

18 High Street, Bromsgrove B61

1,971 sq. ft

Local area information

Property location

Nearby amenities

  • St John's Church of England Middle School Academy 0.2 miles
  • North Bromsgrove High School 0.4 miles
  • Bromsgrove 1 mile
  • Barnt Green 3.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Bromsgrove to find out more about the local area.

Features and description

  • Freehold
  • Established Grd & ff Tenants
  • Quality s/c Flat above
  • Potential for rental growth.
  • Prominent position
  • Freehold
Description

The property comprises a three-storey, mid-terrace prominent Commercial and Residential building arranged as:

Ground Floor - prominent retail premises fitted and occupied as an established Estate Agents, Allan Morris, arranged as sales area of 556 sqft with further office and stores of some 250 sqft to the rear.

Rear Office - the accommodation extends to a semi self-contained office access via private entrance from the rear car park of 350 sqft which is currently vacant.

First Floor - access via communal ground floor lobby and staircase, a self-contained office suite of 715 sqft arranged as 3No Private Offices, separate male and female WCs and Kitchenette. The offices are in excellent condition throughout.

The communal stairs continue to he Second floor - self-contained spacious well-appointed Flat arranged as 2 No Bedrooms, Reception Room, Bathroom and Kitchen. There is basic attic storage provided.

Outside there is a small courtyard which leads to the rear carpark providing 7 parking spaces.

The building offers versatile accommodation and there is potential for future development to include conversion of the first floor to residential uses.

Location

The Property fronts onto High Street in the heart of Bromsgrove Town Centre. The Property sits within a well-established shopping parade. Occupiers in the vicinity include a range of local independents and national/regional operators Waitrose Supermarket, Wetherspoons, mfg Solicitors and wh Smith.

Bromsgrove benefits from good transport links, with the A38 providing ready access to the M42 and M5 Motorways, both being within 4 miles.

Tenure

Freehold

Tenancies

The property is subject to the following tenancies:

1. Ground Floor Front - let to Allan Morris and Peace Limited on a new 5 year lease subject to Tenant only break at 6 months’ notice at a rent of £10,800pa.
2. Ground Floor Rear - vacant
3. First Floor Offices - let to Bradley Thomas mp for 5 years from 1 Sept 2025 at a rent of £9050pa
4. Second Floor Flat - let on a AST at £525pcm.

There is potential for asset management to improve the rental returns.

Purchase Price

£550,000

Legal Fees

Each Party to bear their own fees

EPC

Tbc

Viewing

Strictly by appointment with our reception.

Floor plans and tours

Floor plans (1)

1 floor plan available

View the floor plan to understand the space and layout of this property.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - John Truslove. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact John Truslove for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Worcestershire
  4. Bromsgrove
  5. High Street