125 High Street, Bromsgrove, Worcestershire, B61 8AE
Description
£220,000 + VAT
125 High Street, Bromsgrove, Worcestershire, B61 8AE
125 High Street
Bromsgrove, Worcestershire, B61 8AE
LOCATION
Bromsgrove is a market town situated approximately 13 miles south-west of Birmingham and 12 miles north of Worcester. The Town Centre has excellent transportation links with Junction 1 of the M42 and Junctions 4 & 5 of the M5 Motorway, within 4 miles. The Property is situated in a prime position to the northern end of Bromsgrove High Street. Notable retailers in close proximity include Argos, Halifax Building Society, Specsavers and Natwest.
DESCRIPTION
The Property comprises a mid-terrace Ground Floor Retail Unit, extending to approximately 800 sq ft (74 sq m).
ASKING PRICE
£220,000 For Sale as a Transfer of a Going Concern (TOGC), VAT exempt.
RATEABLE VALUE
£16,000
SERVICES
All mains services available
EPC
Band D (84)
TENURE
Virtual Freehold. Subject to a Lease to The Primrose Hospice Ltd for a term of 10 years with effect from 28th March 2018 at a current rent of £22,000 per annum, There is a Rent Review and Tenant Break Option (subject to 6 months’ notice and a £5,000 penalty) on 28th March 2023.
LEGAL FEES
Each Party to bear their own fees.
VIEWING
Strictly by appointment with our office - 01527 584 242.
FEATURES
- Convenient Location
- Prominent Position
- Expiry 2028
- Good Quality Tenant
- £22,000 per annum
- Virtual Freehold
125 High Street
Bromsgrove, Worcestershire, B61 8AE
LOCATION
Bromsgrove is a market town situated approximately 13 miles south-west of Birmingham and 12 miles north of Worcester. The Town Centre has excellent transportation links with Junction 1 of the M42 and Junctions 4 & 5 of the M5 Motorway, within 4 miles. The Property is situated in a prime position to the northern end of Bromsgrove High Street. Notable retailers in close proximity include Argos, Halifax Building Society, Specsavers and Natwest.
DESCRIPTION
The Property comprises a mid-terrace Ground Floor Retail Unit, extending to approximately 800 sq ft (74 sq m).
ASKING PRICE
£220,000 For Sale as a Transfer of a Going Concern (TOGC), VAT exempt.
RATEABLE VALUE
£16,000
SERVICES
All mains services available
EPC
Band D (84)
TENURE
Virtual Freehold. Subject to a Lease to The Primrose Hospice Ltd for a term of 10 years with effect from 28th March 2018 at a current rent of £22,000 per annum, There is a Rent Review and Tenant Break Option (subject to 6 months’ notice and a £5,000 penalty) on 28th March 2023.
LEGAL FEES
Each Party to bear their own fees.
VIEWING
Strictly by appointment with our office - 01527 584 242.
FEATURES
- Convenient Location
- Prominent Position
- Expiry 2028
- Good Quality Tenant
- £22,000 per annum
- Virtual Freehold
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