Broad Street, Bromsgrove, B61 8LL
Features
- RETAIL AND RESIDENTIAL INVESTMENT
- PROMINENT POSITION
- FULLY LET
- CURRENT INCOME £51,370 PER ANNUM
- CAR PARK TO REAR
- ASSET MANAGEMENT POTENTIAL
LOCATION
The Property is positioned adjacent to the junction of Broad Street and Melbourne Road within the popular Sidemoor area of Bromsgrove.
Bromsgrove Town Centre is approximately half a mile to the southeast, via Crabtree Lane. Transport links are excellent with the M42 and M5 being readily accessible via the A38 with Birmingham City Centre being 16 miles to the north.
DESCRIPTION
The property comprises a detached, purpose-built two-storey block with three interlinking Retail Units to the ground floor and four self-contained one bedroom Flats to the first floor.
The Retail Units are occupied by Focal Image, a well established printing and embroidery specialist. Internally, the space is configured to provide a mixture of showroom/retail, production and storage space.
The Flats are accessed via a separate stairwell, which serves a communal landing with each of the four flats briefly comprising a lounge, kitchen, double bedroom and bathroom/WC, with the exception of Flat 2 which has a single bedroom.
The Gross Internal Area (GIA) to the property extends to approximately 4,930 sq ft (458 sq m). The total Site Area is approximately 0.15 acres (0.06 hectares)
TENURE
Freehold, subject to the following Tenancies:
45, 47 and 47A Broad Street - Let to Focal Image at an Annual Rent of £28,750, currently holding over.
Flat 1 Let on an Assured Shorthold Tenancy (AST) at a rent of £470.00 pcm.
Flat 2 Let on an AST at £495.00 pcm.
Flat 3 Let on an AST at £425.00 pcm.
Flat 4 Let on an AST at £495.00 pcm.
The Gross Rental Income is £51,370 per annum.
SERVICES
All mains services are available.
ASKING PRICE
£700,000 (No VAT)
ENERGY PERFORMANCE CERTIFICATES
Available on application.
BUSINESS RATES
45-47A Broad Street - £24,250
COUNCIL TAX
The flats are all in Band A.
VIEWING
Strictly by appointment with our Reception on 01527 584 242
