Commercial Property
This prominent and substantial building is located to the southern part of the High Street within the heart of Bromsgrove Town Centre, close to occupiers including Pizza Express, Prezzo, Betfred, Pizza Hut and Wetherspoons.
Bromsgrove is 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 communication links with the Bromsgrove A38 Eastern Bypass, giving direct access to junction 1 of the M42 motorway and junction 4 of the M5 Motorway. The town centre has a main line railway station at Aston Fields with regular services to Birmingham and Worcester stations.
On Behalf of the Joint LPA Receivers
The property comprises a substantial three storey mid terraced building of brick construction with a pitched roof. The property has been extended to the rear and benefits from a surfaced car park to the rear.
The accommodation currently comprises a vacant retail unit with self-contained offices on the first and second floors, whilst No. 5 is currently used as offices on ground and upper floors. The property is considered to offer great potential for a variety of uses on the ground floor, including restaurant, takeaway, offices, retail/showroom and leisure with conversion to residential of the upper floors subject to obtaining the appropriate planning permission.
The accommodation extends to approximately 4438 sq.ft. (412.30 sq.m.) and there are approximately 5 car parking spaces to the rear.
We have been provided with the above information and all interested parties should obtain verification as to floor areas and dimensions.
Commercial Investment
A Substantial Freehold Town Centre Investment & Conversion Opportunity, subject to the appropriate planning consents
We understand that the property is Freehold.
3 High Street
Will be available with vacant possession upon completion.
5 High Street
Is currently let to Newsquest Media (Midlands) Ltd, for a term of 25 years from December 1989. The Lease is due to expire in December 2014 and the current rent is £42,000 per annum.
We have not had sight of any documentation relating to the above, but further details and a copy of the Lease will be available for inspection within the legal pack.
We understand that VAT will be chargeable upon this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
