3 bed property for sale

Worcester Road, Bromsgrove, Worcestershire B61

Income-producing freehold on Worcester Road: A let restaurant with a two-bedroom flat and a one-bedroom flat above.

Fully let freehold in Bromsgrove town centre: An established restaurant with two flats above, bringing in £42,600 a year. The restaurant business is unaffected by the sale.

A chance to buy the freehold of a fully let mixed-use building in Bromsgrove town centre. It has a restaurant on the ground floor, a two-bedroom flat on the first floor and a one-bedroom flat on the second floor. It suits an investor looking for a hands-off income from both commercial and residential tenants.

The ground floor is let to an established restaurant, with around ten years left on the lease at £27,000 a year. The business is not affected by the sale. The restaurant keeps trading as normal and the tenant stays in place, so a buyer takes on the income from completion. The unit has a modern dining area, a bar, a commercial kitchen and customer WCs.

Both flats upstairs have their own separate entrances and are let. The first-floor flat has two bedrooms and is let at £750 a month. The second-floor flat has one bedroom and is let at £550 a month.

The building sits on a busy town centre road among shops, cafés and restaurants. It's within easy reach of local amenities, well-regarded schools and Bromsgrove railway station, about a mile away. Rental demand in the area is strong for both commercial and residential tenants.

Tenure: Freehold

Rental income: Restaurant £27,000 pa · First-floor flat (2 bed) £9,000 pa · Second-floor flat (1 bed) £6,600 pa · Total £42,600 pa (£3,550 pcm)

Gross yield: Approx. 9.5%

Council tax: Both flats Band A

EPC ratings: Restaurant C · Flat 74a E · Flat 74b D

Services:
Restaurant: Mains gas, electricity, water and drainage, gas heating.
Flats: Mains electricity, water and drainage, electric heating.

Parking: Rear parking

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No statement in these details is to be relied upon as representation of fact, and purchasers should satisfy themselves by inspection or otherwise as to the accuracy of the statements contained within. These details do not constitute any part of any offer or contract. Ap Morgan and their employees and agents do not have any authority to give any warranty or representation whatsoever in respect of this property. These details and all statements herein are provided without any responsibility on the part of ap Morgan or the vendors. Equipment: Ap Morgan has not tested the equipment or central heating system mentioned in these particulars and the purchasers are advised to satisfy themselves as to the working order and condition. Measurements: Great care is taken when measuring, but measurements should not be relied upon for ordering carpets, equipment, etc. The Laws of Copyright protect this material. Ap Morgan is the Owner of the copyright. This property sheet forms part of our database and is protected by the database right and copyright laws. No unauthorised copying or distribution without permission.