Summary - 37 High Street B61 8AJ
1 bed 1 bath Retail Property (high street)
Substantial town-centre freehold with immediate income and long-term repositioning potential.
Freehold retail investment let to Poundland Limited until May 2030
Large gross internal area: approximately 29,032 sq ft over three floors
Site size c.0.46 acres with rear service yard and two goods lifts
Current rent £100,000 per annum (income in place)
Extensive street frontage with large display windows and natural light
Medium flood risk and located in a high-crime area — impacts insurance
Lease expiry 2030; reversion risk and asset-management required
Standard ceiling heights; mid-century construction — limited immediate refurbishment needed
A rare prime freehold high street investment in Bromsgrove, let in its entirety to Poundland Limited until May 2030. The building offers substantial retail frontage and an extensive footprint of approximately 29,032 sq ft across three floors, with ground-floor trading space, first-floor storage/ancillary offices and second-floor staff facilities and meeting rooms.
The site extends to about 0.46 acres and includes a rear service yard with two goods lifts and a rear access door, supporting easy deliveries and back-of-house operations. The current contracted rent is £100,000 per annum, giving a strong current income stream against the guide price of offers in excess of £1,080,000 (current income ratio approx. 9.26%).
Important considerations: the lease runs to May 2030 so occupational income will need review at reversion, and the property sits in an area noted for higher crime and a medium flood risk. These factors affect asset management and insurance costs and should be modelled by buyers. The building is mid-20th century brick construction with standard ceiling heights and good natural light from large windows, offering potential for long-term repositioning or alternative uses once vacant.
Well-served by local amenities, public transport and schools, this property will suit investors seeking a substantial town-centre freehold with immediate income and active asset-management potential on lease expiry.
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