Freehold Investment Opportunity, Bromsgrove – Bromsgrove
Shop, retail unit for sale
£375,000 750 sq ft
The premises are very prominently located in Bromsgrove Town Centre on the junction of High Street and Stratford Road. The property is immediately adjacent to Argos and opposite Subway, Dominos, Chapters Hair and Specsavers. Other major retailers located nearby include Shoe Zone and Ponden Home.
The premises comprise a vacant ground floor retail unit, together with basement and part ground floor currently let to William Hill on a 20 year lease from 15 October 2004 at a rental of £18,000 pa, and first floor, where the tenant is holding over on a lease which expired 25 November 2014 at a rental of £7,000 pa.
The ground floor retail unit is available to let on a new fully repairing and insuring lease for a term of years to be agreed upon in multiples of 5 years at a rental of £13,500 per annum (exclusive of Rates).
This shop, retail unit for sale is located in Bromsgrove.