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118 High Street, Bromsgrove, B61 8ET

in

118 High Street, Bromsgrove, B61 8ET

£895,000

Secure Investment let to Barclays Bank

  • 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)
  • Rent for 5 years from June 2021 – £60,000
  • VAT free investment

location

Bromsgrove is an attractive market town some 14 miles south-west of Birmingham.

The local population is some 30,000 rising to 795,000 in a wider 10 mile radius.

There are excellent rail services to Birmingham and Worcester, easy access to the motorway network via the M5 and M42 and Birmingham airport is some 23 miles from the town

description

The property is situated in the town’s prime retail position.

The ground floor is a recently refurbished banking hall with fully display window to the High Street frontage and also with access to the rear car park.

There is basement stores and vaults, and the first and second floors are used as ancillary offices for the bank.

accommodation

The property extends over ground, basement, first and second floors and extends to 8,725 sq.ft.

The ITZA is 1,147 sq.ft approx.

lease

Let on an FRI lease to Barclays Bank under a 20 year lease expiring June 2026.

The current rent is £60,000 pa and there are no lease breaks before the end of the term.

proposal

Temporarily withdrawn.

The property is not elected for VAT.

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