Bromsgrove’s consistently high rental performance means Landlords should broaden horizons on suitable occupiers
November 2023Acting on behalf of the Landlord, Worcestershire commercial property consultancy GJS Dillon has let some large detached modern offices in Bromsgrove to a specialist school providing bespoke education services.
The ground floor of Corbett House measures 7,976 sq ft and consists of a modern detached single-storey office building of brick construction. The purpose-built accommodation is situated on Westonhall Road, on the outskirts of Bromsgrove town centre. Junction 5 of the M5 motorway is within two miles of the property giving easy access to the Midlands motorway network.
Kyle Pugh, GJS Dillon’s Graduate Surveyor negotiated a 15 year lease for the property and indicated that this was consistent with the confidence that Landlords and investors had in Bromsgrove’s commercial property market ‘Bromsgrove remains popular with SMEs and owner-occupiers – premium space is much sought-after and rental performance is high. It is therefore our view that Landlords in Bromsgrove should broaden their horizons when it comes to considering suitable occupiers. This strategy is more likely to result in longer leases, as in this instance.’
Bromsgrove and other nearby north Worcestershire towns, such as Redditch and Droitwich, continue to benefit from easy access to the M42 and M5 and from a skilled and flexible workforce, making them ideal locations for local, national and international companies seeking a well-connected office base in the Midlands.
For further details on commercial property available in Worcestershire please contact GJS Dillon’s Agency team on 01905 676169 or via info@gjsdillon.co.uk
GJS Dillon’s Worcestershire Commercial Property Market Report can be found here https://gjsdillon.co.uk/marketreport/
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