Skip links
Back

118 High Street, Bromsgrove, B61 8ET

£950,000

Secure Investment let

  • Three-storey bank and offices
  • Prime town centre location
  • 6 Car parking spaces
  • Entirely let to Barclays Bank PLC
  • Lease expiring June 2026 (no breaks)
  • Current rent £70,000 pax
  • Rent for 5 years from June 2021 – £60,000
  • VAT free investment
Details Enquire

location

The area is a developing as a hot-bed for arts and media businesses many of whom grow from the nearby LCB Depot incubator units.

The property is very close to the city centre and there is easy access to London Road Railway Station, the Haymarket and St Margaret Bus Stations, Leicester’s Retail Centre, NCP Car Parking and Ramada Hotel

description

The property comprises a corner of “Exchange Island”, a renowned triangular series of buildings in the heart of Leicester’s Cultural Quarter.

This is the last remaining undeveloped part of that island site and offers a unique opportunity for high quality residential and commercial space.

proposed development

Planning granted for ground floor and basement commercial use ranging from 646 sq.ft. to 1,012 sq.ft. and conversion of the upper floors to provide six apartments.

planning permission

Planning consent 20200083 for the change of use of part of the ground and
upper floors from Retail (Class A1) to 6 flats (Class C3).

terms

£845,000

The Property is not elected for VAT.

Insight
About
Contact