Galtons Lane, Belbroughton

For Sale
Investment property currently let and producing a good rental return.

Unique high specification offices in quality location and converted from a former Water Mill.

Extending to just over 3,300sqft of net internal accommodation.

The property offers a multitude of options for a potential purchaser which could suit an owner/occupier, an owner/occupier who may let part of the accommodation to generate an income, alternatively it might suit conversion to residential subject to Planning Consent.

Location

Conveniently located on the outskirts of the delightful North Worcestershire village of Belbroughton around 3.5 miles to the West of Junction 4 of the M5 motorway at Bromsgrove and around 13 miles from Birmingham City Centre.

Description

Galtons Mill is a former Mill with water wheel which is Grade II Listed and was originally cast at Cookley in 1793 and thought to be one of the oldest in the country. The offices benefit from a high specification including perimeter electrics and data cabling in trunking, double glazed windows with security internal shutters, suspended ceilings, CCTV, and glazed partitions at first floor level sub-divide the office space.

Accommodation

Ground Floor

Open plan office together with kitchen and wc, further general office with vaulted ceiling and exposed roof trusses with air conditioning to this section of the building together with its own kitchen, staff room and wc. 2,107 sqft (196sqm) approximately.

First Floor

Open plan office with glazed partitions making offices and meeting rooms and further meeting office/board room.

1,204sqft (112sqm) approximately

Total Net Internal floor area 3,311sqft (308sqm) approximately

Externally

There is car parking to the front and side of the building and two separate entrances from Galtons Lane.

The property is currently let. A new lease has been agreed at £35,750 per annum for 7 years until 2031 with a 3 year break clause and a 3 year rent review in June 2027. Tenure – Freehold – investment property subject to existing lease. The tenant is going to enter into a new lease which is the terms above.         

Business Rates – The property is currently assessed with a Rateable Value of £40,250 from 1st April 2023 as offices and premises.

EPC – C
Tenure – Freehold
Viewing – Strictly By Appointment with the Lee Shaw Partnership –



In accordance with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, we are legally required to carry out anti-money laundering (AML) checks on all individuals purchasing a property. In line with HMRC guidelines, our trusted partner, Coadjute, will securely manage these checks to include PEP and Sanctions checks, biometric ID verification and verification of the source of purchase funds, on our behalf. Once an offer is agreed, Coadjute will send a secure link for you to complete the biometric checks electronically. A non-refundable fee of £45 plus VAT will be charged (per individually named purchaser, including parties gifting deposits) for each AML check conducted, and Coadjute will handle the payment for this service. These (AML) checks must be completed before the property is marked as subject to contract and prior to issuing the memorandum of sale to the solicitors, to confirm the sale. Please contact the office if you have any questions in relation to this.