Grosvenor House, 123-129 High Street, Bromsgrove, Worcestershire, B61 8DA

Features

  • OFFICES LET AT £58,388 PER ANNUM
  • NEW 5-YEAR FRI LEASE
  • EXTENSIVELY REFURBISHED
  • FUTURE RESI POTENTIAL
  • GROUND RENT FROM RETAIL UNITS - £200 PER ANNUM
  • 14 PARKING SPACES

Location

The Property is situated in a prime position, to the northern end of Bromsgrove High Street. National Retailers in close proximity include Argos, Halifax Building Society, Specsavers and NatWest Bank.

Bromsgrove benefits from excellent communication links, with the A38 providing ready access to Junction 1 of the M42 and Junctions 4 & 5 of the M5. Birmingham City Centre is approximately 13 miles to the north, with Redditch Town Centre being 7 miles to the east.

Description

The Property comprises a mixed-use Commercial Block, which forms part of the main Shopping Parade in Bromsgrove Town Centre and is configured as follows:-

Ground Floor – 4 self-contained Retail Units, held on 999-year Leases, generating an Annual Ground Rent of £200. Reception Lobby providing access to:-

First and Second Floor – Fully refurbished Offices, extending to a Net Internal Area (NIA) of approximately 6,410 sq ft (595 sq m) let on 5-year Leases, with Tenant Break Options at the 3rd anniversary, generating an Annual Rent of £58,388. A Tenancy Schedule is available on requiest

The Second Floor has Planning Consent for conversion to 6 No. Apartments, providing the potential for residential use in future, as does the First Floor.

The Gross Internal Area (GIA) of the Property extends to approximately 11,500 sq ft (1,069 sq m).

There is a Tarmac-surfaced Car Park to the rear, which benefits from an ANPR Monitoring System, with 25% of any profits benefiting the Landlord.

The Total Site Area extends to approximately 0.25 acres (0.1 hectares).

Asking Price

£775,000 – The Sale will be treated as a ‘Transfer of a Going Concern’ (TOGC).

Services

All mains services are available.

EPC Ratings

123 High Street – Band C (68)
125 High Street – Band D (94)
127 High Street – Band C (69)
129 High Street – Band C (66)

First Floor: Band D (86)
Suite 1, Second Floor: Band C (55)
Suites 2 & 3, Second Floor:Band C (54)
Suite 4, Second Floor: Band C (58)

Tenure

Freehold – Tenancy Schedule available on request.
129 High Street is currently vacant and available for sale at an Asking Price of £215,000, thereby could be included in a Sale.

Legal Fees

Each party to pay their own costs.

Anti-Money Laundering

In accordance with Anti-Money Laundering Regulations, we require two forms of identification and confirmation of the source of funding from all Purchasers.

Viewing

Strictly by appointment with our Reception on 01527 584242.

Asking price

£775,000.00

Grosvenor House, 123-129 High Street, Bromsgrove, Worcestershire, B61 8DA

Property ID:

Area 11500 sqft

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Guide price

£775,000.00

Grosvenor House, 123-129 High Street, Bromsgrove, Worcestershire, B61 8DA

Call 01527 584 242 PDF Download

Property ID:

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Description

£775,000.00

Grosvenor House, 123-129 High Street, Bromsgrove, Worcestershire, B61 8DA

Features

  • OFFICES LET AT £58,388 PER ANNUM
  • NEW 5-YEAR FRI LEASE
  • EXTENSIVELY REFURBISHED
  • FUTURE RESI POTENTIAL
  • GROUND RENT FROM RETAIL UNITS - £200 PER ANNUM
  • 14 PARKING SPACES

Location

The Property is situated in a prime position, to the northern end of Bromsgrove High Street. National Retailers in close proximity include Argos, Halifax Building Society, Specsavers and NatWest Bank.

Bromsgrove benefits from excellent communication links, with the A38 providing ready access to Junction 1 of the M42 and Junctions 4 & 5 of the M5. Birmingham City Centre is approximately 13 miles to the north, with Redditch Town Centre being 7 miles to the east.

Description

The Property comprises a mixed-use Commercial Block, which forms part of the main Shopping Parade in Bromsgrove Town Centre and is configured as follows:-

Ground Floor – 4 self-contained Retail Units, held on 999-year Leases, generating an Annual Ground Rent of £200. Reception Lobby providing access to:-

First and Second Floor – Fully refurbished Offices, extending to a Net Internal Area (NIA) of approximately 6,410 sq ft (595 sq m) let on 5-year Leases, with Tenant Break Options at the 3rd anniversary, generating an Annual Rent of £58,388. A Tenancy Schedule is available on requiest

The Second Floor has Planning Consent for conversion to 6 No. Apartments, providing the potential for residential use in future, as does the First Floor.

The Gross Internal Area (GIA) of the Property extends to approximately 11,500 sq ft (1,069 sq m).

There is a Tarmac-surfaced Car Park to the rear, which benefits from an ANPR Monitoring System, with 25% of any profits benefiting the Landlord.

The Total Site Area extends to approximately 0.25 acres (0.1 hectares).

Asking Price

£775,000 – The Sale will be treated as a ‘Transfer of a Going Concern’ (TOGC).

Services

All mains services are available.

EPC Ratings

123 High Street – Band C (68)
125 High Street – Band D (94)
127 High Street – Band C (69)
129 High Street – Band C (66)

First Floor: Band D (86)
Suite 1, Second Floor: Band C (55)
Suites 2 & 3, Second Floor:Band C (54)
Suite 4, Second Floor: Band C (58)

Tenure

Freehold – Tenancy Schedule available on request.
129 High Street is currently vacant and available for sale at an Asking Price of £215,000, thereby could be included in a Sale.

Legal Fees

Each party to pay their own costs.

Anti-Money Laundering

In accordance with Anti-Money Laundering Regulations, we require two forms of identification and confirmation of the source of funding from all Purchasers.

Viewing

Strictly by appointment with our Reception on 01527 584242.