This freehold property is strategically situated on the lively High Street of the historic market town of Bridgnorth, presenting a promising opportunity for investors and developers. Spanning four floors, this characterful building not only offers current income through its retail units but also boasts significant renovation potential for future growth.
As a Grade II Listed property, it holds historical significance while featuring a permitted use classification of Class E, covering commercial, business, and service operations. The ground floor currently hosts two retail units; one has been sold under a long-term 999-year lease, while the second unit is leased until the end of 2025. This arrangement ensures immediate income generation while allowing room for future strategic planning.
The upper three levels of the building are currently vacant, having previously served as office space. These floors can be accessed independently via a side alleyway, making them suitable for conversion into residential flats or other accommodation types, pending necessary planning permissions. The generous layout and considerable square footage present an attractive canvas for redevelopment, with potential significant value addition through well-planned renovations.
Additionally, there are loft spaces that may offer further conversion possibilities.
Bridgnorth itself is a vibrant town with a strong demand for both retail and residential properties, making this location particularly appealing for those looking to invest in a dual-income stream. With secure rental income from the existing tenant and opportunities to enhance the property’s value through renovation, this versatile investment merits early consideration from serious buyers seeking to establish or expand their footprint in the town center.
