Substantial building of approx. 1,693.70 sq m (18,224 sq ft)
Argos let until July 2029 (subject to option)
Age UK let until November 2029 (subject to option)
Argos in occupation for over 35 years
Prominent position on Bromsgrove High Street
Nearby occupiers include Asda Superstore, Specsavers, Slug & Lettuce, Boots, Costa, Holland & Barrett and Greggs
Lot 33
Auction 15th May 2025
Rent £69,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
11 miles south of Birmingham, 11 miles north of Worcester
Roads
M42, M5, A448
Rail
Bromsgrove Railway Station
Air
Birmingham Airport
Situation
The property is situated on the south side of the pedestrianised High Street, at its junction with Stratford Place in the heart of Bromsgrove town centre. Nearby occupiers include Asda Superstore, Specsavers, Slug & Lettuce, Boots, Costa, Holland & Barrett and Greggs.
Tenure
Freehold.
Location
Miles
11 miles south of Birmingham, 11 miles north of Worcester
Roads
M42, M5, A448
Rail
Bromsgrove Railway Station
Air
Birmingham Airport
Situation
The property is situated on the south side of the pedestrianised High Street, at its junction with Stratford Place in the heart of Bromsgrove town centre. Nearby occupiers include Asda Superstore, Specsavers, Slug & Lettuce, Boots, Costa, Holland & Barrett and Greggs.
Tenure
Freehold.
Description
The property comprises substantial building currently arranged to provide two shops over the ground, first and second floors. The property benefits from rear access and loading via Windsor Street.
There is a substation on the site to the rear of the property.
There is a basement below part of 140 High Street which is held under a separate freehold title outside of the interest for sale.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises substantial building currently arranged to provide two shops over the ground, first and second floors. The property benefits from rear access and loading via Windsor Street.
There is a substation on the site to the rear of the property.
There is a basement below part of 140 High Street which is held under a separate freehold title outside of the interest for sale.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
138 High Street
Ground First
Retail Ancillary
197.00 157.30
(2,115) (1,693)
AGE UK (1)
5 years from 29/11/2024 (2)
£22,500
140 High Street
Ground First Second
Retail Ancillary Ancillary
410.80 475.20 453.40
(4,421) (5,115) (4,880)
ARGOS LIMITED (3)
5 years from 22/07/2024 (4)
£46,500
Total
1,693.70
(18,224) (5)
£69,000
(1) Age UK (CRN: 1092198) is a registered charity operating from over 250 stores across the UK (www.ageuk.org.uk). (2) The lease provides a tenant option to determine on 29/11/2027. Age UK are currently fitting out the property and due to start trading soon. (3) For the year ending 02/03/2024 Argos Limited reported a Turnover of £4,225,449,000, a Pre-Tax Profit of £37,345,000 and a Net Worth of £145,072,000 (NorthRow 04/04/2025). (4) The lease provides a tenant option to determine on 22/07/2027. (5) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). N.B. There is an electricity substation on the site.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
