Summary - 67, HIGH STREET B61 8AQ
1 bed 1 bath Shop
Large mixed-use freehold with strong conversion potential close to amenities.
- Grade II listed mixed-use building in Bromsgrove town centre
- Large ground-floor shop c.1,845 sq ft finished to a shell
- Two let one-bed flats on upper floors provide immediate income
- Extensive rear yard and car park for c.16 vehicles (many on licence)
- Current gross rent £15,720pa; estimated full rental c.£60,000pa
- Sale by auction; guide price £420,000 plus fees
- Listed status restricts alterations; consents will be required
- Medium flood risk and high local crime rate may affect demand
A rare freehold mixed-use opportunity in the heart of Bromsgrove town centre, this Grade II listed building offers a large commercial ground floor (c.1,845 sq ft) currently finished to a shell with new shopfront and basic services to point. The property also includes two self-contained one-bedroom flats on the upper floors (both let) and an extensive rear yard and car park providing space for about 16 cars, many let on licence agreements.
This holding is aimed at investors or developer-occupiers. There is clear development potential: void areas at first and second floors could be converted into additional residential units subject to listed-building consents and local planning approval. The current gross rental income is modest at £15,720pa against an estimated full rental value of c.£60,000pa, indicating upside if the ground floor is let and further residential conversion is achieved.
Buyers should be aware of material constraints. Grade II listed status will restrict alterations and likely increase consent times and costs. The property will be sold at auction, and the sale is offered with a guide price of £420,000 plus fees. There is a medium flooding risk and the local crime rate is high, both of which may affect insurance and tenant demand. Several areas require finishing or fit-out work to reach full rental potential despite recent refurbishment works.
Overall, this is a large, characterful town-centre asset with immediate income and clear scope for value-add through letting and sensitive residential conversion, but it carries listed-building obligations, location-based risk factors and auction-sale timing that buyers must factor into budgets and timescales.
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