property
The property is situated within the heart of Bromsgrove Town Centre, a traditional Worcestershire Market Town, having a thriving and busy business community, with a resident population of circa 30,000 and a catchment population in the region of circa. 90,000 (2001 census).Bromsgrove is situated approximately 13 miles to the south west of Birmingham, 14 miles to the north of Worcester, with the neighbouring towns of Droitwich and Redditch, both being within a 5 mile radius.Bromsgrove has extremely good road communication links with the Brosmgrove A38 eastern bypass, giving direct access to junction 1 of the M42 motorway (2 miles) and junction 4 of the M5 motorway (3 miles). The town centre has a main line railway station at Aston Fields with regular services to Birmingham and Worcester stations.
Planning Permission was granted on the 15th April 2011 (Application No. 11/0085), allowing change of use from office accommodation to residential, providing six units. A copy of the planning application, together with proposed drawings are available for inspection within the legal pack.It is proposed that the ground floor retail accommodation will be retained with two self-contained bedsits on the first floor and a self contained one bedroomed flat, with a further self contained one bedroomed flat on the second floor, with two one bedroomed maisonette flats which extend up into the property's existing roof void.
Coronation House is a prominent four storey town centre art deco style building, situated fronting Church Street, approximately 50 metres from Bromsgrove High Street.The building comprises two good sized retail units on the ground floor, with office accommodation on the first and second floors, and archive storage in the roof void.
Residential Investment
A Prominent Freehold Town Centre Commercial Investment & Residential Conversion Opportunity, with Planning Permission for 6 No. Flats
The Vendor of the premises, trading as County Kasuals, has taken a Lease of the right hand side ground floor shop for a term of 12 months at a rental of £10,000 per annum.The left hand side ground floor shop is let to a local covenant, which expires in December 2014, at a rental of £7,500 per annum. The upper floors will be available with vacant possession upon completion.
We understand that the property is Freehold, subject to the following tenancies.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
