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Worcester Road
Worcester Road - SHOP & 2 FLATS , Bromsgrove, B61
£525,000
Worcester Road - SHOP & 2 FLATS , Bromsgrove, B61
£525,000
Our Summary
- One flat is tenanted, producing £500 PCM (£6,000 PA) net rent, while the second flat is currently vacant, offering immediate potential for rental uplift
- • One flat vacant providing an excellent opportunity for improvement or new tenancy
Description
This freehold mixed-use property in Bromsgrove, Worcestershire, offers a diversified income stream with a current total net rental income of £33,000 per annum. The property comprises a modern restaurant on the ground floor, fully tenanted with a 10-year lease, generating £27,000 per annum, and two self-contained one-bedroom flats above. One flat is tenanted, producing £6,000 per annum, while the second flat is vacant, providing an opportunity for rental uplift. The property is situated on a prime high-street location with excellent visibility, surrounded by established shops, restaurants, and local amenities. The restaurant is fully operational, with a contemporary dining area, bar, commercial kitchen, and customer WC facilities. The flats are arranged over the upper floors, with one currently tenanted and the other vacant. The property benefits from a strong rental demand and convenient transport links, making it a desirable location for both commercial and residential tenants.