Guide price
£495,000
Retail premises for sale55-57 High Street, Bromsgrove, Worcestershire B61
Just added
Auction
Freehold
About this property
Freehold Subject to the existing tenancies.
For Sale By Public Auction on 10 September starting at 08:30 am - An attractive freehold town centre mixed use investment, comprising a spacious retail unit let to 'Holland & Barrett' and four well presented apartments above.
Current rental income £59,120 pa. * (See Tenancy Details)
The property comprises an attractive three storey mid terraced building comprising a modern ground floor retail unit occupied by 'Holland & Barratt', having four very well presented self contained apartments, with a high street entrance, over first and second floors and outside there is a rear surfaced parking and loading area.
Accommodation
Ground Floor - Retail Area: 2028 sq ft (188.4 sqm)
Ancillary Areas 124 sq ft (11.51 sqm)
First Floor: Flat 1 - One Bedroom, Lounge, Kitchen, Shower Room/WC.
Flat 2 - Two Bedrooms, Lounge/Kitchen, Shower Room/WC.
Second Floor: Flat 3 - One Bedroom, Lounge/Kitchen, Shower Room/WC.
Flat 4 - Two Bedrooms, Lounge/Kitchen, Shower Room/WC.
All of the flats are modern and well presented throughout, having separate meters and electric heating.
Location
The property occupies a prominent position fronting the busy pedestrianised High Street, in the heart of the popular and affluent Worcestershire market town of Bromsgrove.
There is a vibrant mix of national and independent operators and the area is well served by local pay and display car parks.
Energy Performance Rating
Ground Floor Retail - See Legal Pack
Flat 1,2,3 - C
Flat 4 - D
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
Lease Details
Retail Unit - Let by way of a 5 year lease to Holland & Barrett Retail Ltd, with effect from 29/06/2026, being a renewal of their previous lease from June 2021.
There is an option to break on 29th June 2029 and the current rent is £23,500 pa.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
Tenancy Details
Flat 1 - Let at a current rent of £650 pcm (£7,800 pa)
Flat 2 - Let at a current rent of £795 pcm (£9,540 pa)
Flat 3 - Let at a current rent of £695 pcm (£8,340 pa)
Flat 4 - Let at a current rent of £745 pcm (£8,940 pa) *
Copies of the lease and tenancy agreements will be available for inspection within the legal pack.
*Since our instructions to sell, the tenant of flat 4 has served notice and will vacate on 04/10/2026. The flat is being marketed to let by the current owner.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,700 inc VAT (£2,250 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
Current rental income £59,120 pa. * (See Tenancy Details)
The property comprises an attractive three storey mid terraced building comprising a modern ground floor retail unit occupied by 'Holland & Barratt', having four very well presented self contained apartments, with a high street entrance, over first and second floors and outside there is a rear surfaced parking and loading area.
Accommodation
Ground Floor - Retail Area: 2028 sq ft (188.4 sqm)
Ancillary Areas 124 sq ft (11.51 sqm)
First Floor: Flat 1 - One Bedroom, Lounge, Kitchen, Shower Room/WC.
Flat 2 - Two Bedrooms, Lounge/Kitchen, Shower Room/WC.
Second Floor: Flat 3 - One Bedroom, Lounge/Kitchen, Shower Room/WC.
Flat 4 - Two Bedrooms, Lounge/Kitchen, Shower Room/WC.
All of the flats are modern and well presented throughout, having separate meters and electric heating.
Location
The property occupies a prominent position fronting the busy pedestrianised High Street, in the heart of the popular and affluent Worcestershire market town of Bromsgrove.
There is a vibrant mix of national and independent operators and the area is well served by local pay and display car parks.
Energy Performance Rating
Ground Floor Retail - See Legal Pack
Flat 1,2,3 - C
Flat 4 - D
Tenure
Freehold Subject to the existing tenancies.
Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.
Lease Details
Retail Unit - Let by way of a 5 year lease to Holland & Barrett Retail Ltd, with effect from 29/06/2026, being a renewal of their previous lease from June 2021.
There is an option to break on 29th June 2029 and the current rent is £23,500 pa.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
Tenancy Details
Flat 1 - Let at a current rent of £650 pcm (£7,800 pa)
Flat 2 - Let at a current rent of £795 pcm (£9,540 pa)
Flat 3 - Let at a current rent of £695 pcm (£8,340 pa)
Flat 4 - Let at a current rent of £745 pcm (£8,940 pa) *
Copies of the lease and tenancy agreements will be available for inspection within the legal pack.
*Since our instructions to sell, the tenant of flat 4 has served notice and will vacate on 04/10/2026. The flat is being marketed to let by the current owner.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,700 inc VAT (£2,250 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
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