An elegant 18th-century property in Bromsgrove is set to go under the hammer this month. 

Shakespeare House, which is located at 67 High Street, is a stunning Grade II-listed building with a shop unit and two flats. 

The historic mixed use building in the town centre has a guide price of £420,000 with potential for development subject to planning permission. 

The property will go up for sale in Bond Wolfe's next auction which will be live-streamed on Thursday, July 11. 

Bond Wolfe is offering the investment opportunity for sale by auction in association with chartered surveyors Nicholas Brett & Co. 

Ian Tudor, commercial auction director of Bond Wolfe, said: "Shakespeare House has to potential to achieve a full rental value of £60,000 per annum.

"Dating from the 18th century, the property has been altered in recent years to create the large ground floor retail unit, measuring around 1, 845 sq ft, finished to a shell specification including toilets. 

"There are two self-contained, one-bedroomed flats on the first and second floors plus further void areas of around 1,250 sq ft on the first floor and 350 sq ft on the second floor."

Mr Tudor also said there are "excellent" opportunities for further residential conversion including the void areas having the potential to be a studio flat subject to planning consents. 

He added: "There is also a fully surfaced car park to the rear of the property with 11 allocated car parking spaces, five of which are double spaces, which means there is parking for 16 vehicles.

"The two flats are each allocated a double parking space, while most of the remaining car parking spaces are separately let.

"There is the potential for the car parking to be developed further, also subject to planning permission."

Shakespeare House is in a prominent and busy pedestrianised location in the heart of the retail core of Bromsgrove, a popular and affluent market town.

There is a good mix of local traders and national operators nearby including Boots, Costa Coffee, Poundland, Greggs, WH Smith and Holland and Barrett.

Both flats comprise a bedroom, living and dining room, kitchen and bathroom, and are each let on assured shorthold tenancies for one year at £6,900 per annum.

The shop unit is currently unoccupied while the car park generates around £1,920 in rent a year.

Shakespeare House is among 194 lots that are appearing in Bond Wolfe’s next auction, which will start at 8.30am on Thursday, July 11.

If you have a property you are considering selling visit

You can also email or call 0121 312 1212 or 01902 928 510 for advice and to arrange a free no obligation valuation.