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House for sale
94a – 100 High Street, Bromsgrove, B61 8EX
£475,000
94a – 100 High Street, Bromsgrove, B61 8EX
£475,000
Our Summary
- 00 paThere is potential to increase the rents, which could generate a gross return of circa 8
Description
The property is a block of six self-contained flats situated above retail accommodation on Bromsgrove High Street, with access via a rear car park off Windsor Road. The flats are arranged over two floors, with each unit featuring a kitchen, lounge/bedroom, shower room, and storage shed and car parking space. The property has been recently refurbished and presents well, with all flats in good order. The location is convenient, with access to the town centre amenities, bus and train station, and all mains services available. The property is held on a 125-year leasehold and is subject to six Assured Shorthold Tenancies, generating a total gross income of £37,200 per annum. There is potential to increase the rents, which could generate a gross return of circa 8.5%. The flats are also based in Band A for Council Tax purposes.