215 Walsall Road, Stone cross, West Bromwich, B71 3HS

Substantial mixed use investment/development opportunity

Property details

Type Investment, Land/Development, Leisure / Mixed Use
Tenure Freehold.
Price Offers based on £750,000
Mail icon

Enquire about this property

Save property
Features
  • Substantial property in prominent corner location
  • Located at the heart of Stone Cross
  • Large ground floor retail unit ideal for subdivision
  • Rear self contained office with own entrance
  • Two, first floor 2 bedroom self contained apartments
  • Freehold – offers based on £750,000
Location
The property occupies a most prominent corner position at the junction of the main A431 Walsall Road, and Charlemont Road in the heart of Stone Cross. West Bromwich Town Centre lies approximately 2.5 miles to the south and Stone Cross itself enjoys numerous local amenities as well as excellent local transport links and easy access to both the M5 and M6 motorway networks. Nearby occupiers include Tesco Express and Lloyds Pharmacy.
Description

This substantial corner property comprises a large ground floor retail unit extending to approximately 2,500 sq ft ( 232.5 sq m). The unit has the benefit of two separate accesses and provides excellent scope for subdivision into multiple retail units to maximise potential rental income . The existing shop has gas central heating , double glazed windows and further benefits from a new roof in 2019 ( complete with 10 year guarantee). Formerly trading as a carpet shop, the accommodation is suitable for a variety of uses or splitting to create multiple smaller units. There is kitchenette and toilet facilities at the rear of the shop , whilst a separate side door provides access to the recently refurbished basement cellar , providing excellent storage ( or additional office) facilities.

To the rear of the shop, and accessed at the back of the property, is a separate self contained office ( currently tenanted) with its own basement cellar and WC facilities. The office is located beyond a yard area located at the back of the property.

To the first floor, there are two self-contained recently upgraded two bedroom apartments, both currently tenanted .

The property has car parking available immediately to the side and rear, and affords excellent further rental potential and/or redevelopment

Accommodation
Ground Floor Shop – 2,500 sq ft – currently vacant
Ground Floor Office - currently let at £2,600 per annum
Flat 4 – 2 bedroom first floor flat – currently let at £5,700 per annum
Flat 6 – Large 2 bedroom first floor flat – currently let at £6,600 per annum
Current total income - £14,900 per annum
Price
Offers based on £750,000 are sought for the Freehold interest.
VAT
We have been advised that VAT is not applicable.
Business Rates
The ground floor has a rateable value of £12,750.
Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of any funding will be required from the successful purchaser.