Development Opportunity with Planning Permission
- 106 Birmingham Road, Bromsgrove, Worcestershire, B61
- 1,244 sq ft (115.57 sq m) NIA
- £220,000 for the Freehold
106 Birmingham Road is a mid-terrace property arranged over the ground, first and second floor. The property is mixed use having a retail unit over the ground floor with two floors of vacant offices above.
The retail unit is currently occupied as a barbershop and comprises a front sales area, with storage, a kitchen and WC to the rear. There is also access to the rear garden which is landlocked.
The vacant offices are accessed from the ground floor and offer open plan office space over the first floor with an office, storage room, kitchen and WC over the second floor.
Ground Floor 420 sq ft 39.04 sq m
First Floor 429 sq ft 39.83 sq m
Second Floor 395 sq ft 36.68 sq m
Total Floor Area 1,244 sq ft 115.55 sq m
The ground floor is let on a ten year lease which expires on 31 September 2030 (circa seven years unexpired). The passing rent if currently £7,200 per annum.
There is a rent review clause every three years, with the next being 1 October 2023.
The property is situated in Bromsgrove, to the north of the town centre on the Birmingham Road. Bromsgrove is a busy Worcestershire market town with easy access to the motorway network with Junctions 4 and 5 of the M5 motorway and Junction 1 of the M42 motorway being within three miles of the town centre, giving access to the Midlands motorway network.
Birmingham city centre is situated approximately 12 miles to the north and Worcester city centre is situated approximately 13 miles to the south.
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