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127 High St
Bromsgrove B61 8AE
Grosvenor House · Office Property For Sale · 11,500 SF
Investment Highlights
- Large glazed frontage.
- Prominent position on busy High Street.
- Great footfall area.
Executive Summary
The property comprises a building of masonry brickwork construction arranged over three floors offering office accommodation throughout under a flat roof. The property is located on the pedestrianised High Street. The building occupies a prominent location near to the junction with the Stratford Road (A448). Bromsgrove is located some 12 miles south of Birmingham with the M5 to the west and junction 1 of the M42 to the north.
PROPERTY FACTS
| Unit Size | 884 SF | Number of Floors | 3 |
| No. Units | 1 | Typical Floor Size | 3,833 SF |
| Total Building Size | 11,500 SF | Year Built | 1989 |
| Property Type | Office (Unit) | Lot Size | 0.23 AC |
| Sale Type | Investment | Parking Ratio | 0.7/1,000 SF |
| Building Class | B | Sale Conditions | Auction Sale |
| Unit Size | 884 SF |
| No. Units | 1 |
| Total Building Size | 11,500 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 3,833 SF |
| Year Built | 1989 |
| Lot Size | 0.23 AC |
| Parking Ratio | 0.7/1,000 SF |
| Sale Conditions | Auction Sale |
1 Unit Available
Unit 127
| Unit Size | 884 SF | Net Initial Yield | 12.31% |
| Unit Use | Retail | NOI | £24,004.50 |
| Sale Type | Investment | Sale Conditions | Auction Sale |
| Tenure | Long Leasehold |
| Unit Size | 884 SF |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 12.31% |
| NOI | £24,004.50 |
| Sale Conditions | Auction Sale |
Description
The property comprises a well presented mid terraced ground floor retail unit with a main sales area and ancillary stores, with a kitchen area and staff WC.
Sale Notes
To be offered on Tuesday 29 October by auction Lot 112.
The property is let to Blue Cross for a term of 10 years expiring on 03/07/2028 at a passing rent of £24,000 per annum.
Amenities
- Accent Lighting
- Lift Access
- Perimeter Trunking
- Suspended Ceilings
