Summary - 99 Worcester Road - SHOP & 2 FLATS , Bromsgrove, B61 B61 7AG
2 bed 1 bath Mixed Use
Immediate rental yield with short-term refurbishment upside for a hands-on investor.
• Freehold mixed-use: restaurant plus two one-bedroom flats
• Current total net income £33,000 per annum
• Restaurant let c.10 years remaining — £27,000 pa
• One flat vacant — immediate rental uplift or refurbishment potential
• One flat tenanted — £6,000 pa current rent
• 10-year restaurant lease may deter mortgage lenders
• Buyer pays non-refundable exclusivity fee on purchase
• High local crime levels may affect insurance and tenant choice
This freehold mixed-use building on Worcester Road offers a diversified income stream from a long-established restaurant and two one-bedroom flats — an attractive core holding for an investor seeking immediate cashflow and short-term upside. The restaurant is let producing £27,000 pa with roughly 10 years remaining on the lease, while the upper floors yield a further £6,000 pa from one occupied flat and scope to increase income from the vacant flat.
The property’s high-street position delivers strong tenant demand and excellent visibility, with rear off-street parking and convenient links to local amenities and transport. Accommodation is traditional Victorian/Georgian terrace stock: a sizeable ground-floor commercial space with medium-to-high ceilings and two self-contained flats above, each offering straightforward management or refurbishment potential to lift rents.
Buyers must be clear about material drawbacks. The restaurant lease has only about 10 years remaining — a term that may lead mortgage lenders to refuse standard lending. There is also a non-refundable buyer’s exclusivity fee and an exclusivity purchase process that you must accept. The area records higher-than-average crime levels, which could affect tenant mix and insurance costs.
This is a pragmatic, hands-on investment: strong current income, immediate re-letting or refurbishment upside on the vacant flat, and long-term value depending on lease planning and funding strategy. Suitable for a cash buyer or a specialist investor prepared to manage lease and lending constraints.
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