129 High Street, Bromsgrove, B61 8DA

Features

• Convenient Location
• Single Let Investment
• Virtual Freehold
• New 5 Year Lease
• £14,000 per annum
• Prominent Position

Location

The Property is situated in a prime position at the northern end of the High Street, with major occupiers in close proximity including Specsavers, Subway, Argos and Halifax Building Society.

Bromsgrove is an affluent market town situated approximately 13 miles south-west of Birmingham and 12 miles north of Worcester. The Town Centre benefits from excellent transport links with Junction 1 of the M43 and Junctions 4 and 5 of the M5 motorway within 4 miles.

Description

The Property comprises a mid-terraced ground floor Retail Unit extending to approximately 975 sq ft (91 sq m). The shop frontage forms part of the main Shopping Parade in Bromsgrove Town Centre, with access to the rear via a Car Park/Service Yard.

Internally, the space has been configured to provide a main salon/retail area to the front with ancillary office/staff room/WC to the rear.

The Property has recently been refurbished throughout, however the new Tenant is currently fitting the premises as a Hair and Beauty Salon.

LEASE TERMS

The Property has been let on a 5 Year Lease from April 2023 at an Annual Rent of £14,000.

ASKING PRICE

£190,000 as a Transfer of a Going Concern (TOGC) – VAT exempt.
There is a £50 ground rent fixed for 999 years.
There is also a service charge which is currently approximately £950 per year. This is paid by the tenant along with the insurance.

RATEABLE VALUE

£11,500 (100% Small Business Rate Relief potentially available)

SERVICES

All mains services are available.

EPC

Band C (66)

LEGAL FEES

Each Party to bear their own fees.

TENURE

Virtual Freehold (New 999 year Ground Lease)

VIEWING

Strictly by appointment with our office - 01527 584 242.