*Guide | £600,000+ (plus fees)
- Retail Property (high street)
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Mid Terrace Commercial Building Arranged to Provide Three Retail Units Part Let Producing £12,500 Per Annum. Potential for Development (Subject to Obtaining all Relevant Consents)
The property comprises a mid terrace building arranged to provide three retail units.
Tenure
Freehold
Location
The property is situated on a pedestrianised road close to local shops and amenities. The open spaces of Sanders Park are within easy reach. Transport links are provided by Bromsgrove rail station.
Accommodation
Ground Floor Retail Unit G.I.A Approximately 348 sq m First Floor Retail Unit G.I.A Approximately 68 sq m Second Floor Retail Unit G.I.A Approximately 254 sq m
Tenancy
The ground floor and part of the first floor are vacant. The second floor and part of the first floor are subject to a periodic tenancy producing rent of £12,500 ex VAT. The tenant has been in occupation for circa 10 years and has indicated their intention to secure a new 5 year lease at increased rent.
EPC Ratings
Ground Floor - C First Floor - B Second Floor - B
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
