High street investment opportunity to be sold at auction
An investment opportunity in Bromsgrove High Street will be offered at Bond Wolfe Auctions’ next sale.
The period-styled property at 54-56 High Street is let to WH Smith Retail Holdings on a five year lease from June 2017 at a current rent of £37,500 a year.
It has a guide price of around £420,000.
Ian Tudor, managing director of Bond Wolfe Auctions, said: “Bromsgrove is not only a strong residential area in its own right, it is also a commuter town for Birmingham and Worcester and sits on the main rail line from Worcester through into the city centre’s professional quarter, shops and restaurants.
“This is a very well-known and recognised site sitting halfway down a very busy High Street and is a very attractive lot.
“High Street investment opportunities with bluechip tenants such as WH Smiths don’t come to auction often, so we are expecting significant interest in this lot and some competitive bidding on the day.”
Bond Wolfe Auctions’ next online auction will be livestreamed from 9am on Wednesday 9 December 2020, with remote bidding by proxy, telephone and internet only.
