A retail and residential investment in Bromsgrove town centre has been sold for £925,000.
The property at 62-28 High Street includes three ground floor shops with two apartments above and has been acquired by a private investor.
The Bromsgrove town centre site is fully let, producing a rental income of £85,518 per annum. Notable tenants include Boots Opticians and Smart Ideas.
Birmingham-based property agency Bond Wolfe acted on the deal. The agency has extensive experience in managing mixed-use properties and facilitating high-value transactions.
Mattin also pointed out that such mixed-use investment opportunities anchored by solid high street rental income continue to attract private investor money.
The road has been resurfaced with natural stone and granite paving, new lighting, trees, and street furniture.
The smooth legal handling of the transaction added to the appeal for investors.
Additionally, the regeneration efforts further enhance the investment’s long-term value.
Such transactions contribute to local economic growth and community development.
Ongoing development projects are expected to continue enhancing the town’s economic landscape.
The recent sale of a key Bromsgrove property underscores the continuing appeal of mixed-use investments in regenerated town centres.
With stable rental incomes and ongoing regeneration efforts, such properties remain attractive to private investors.
