215 Walsall Road, West Bromwich, B71 3HS
Mixed use investment in West Bromwich
Guide price*
£595,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Investment
Auction details:
Thursday 11th September 2025 @ 08:30AM
Substantial mixed use Investment/development opportunity
Property 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 maximize 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 future redevelopment.
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.Accommodation
Ground Floor: Retail Shop, Rear Office.First Floor: Flat 4: Two Bedroom Flat & Flat 6: Two Bedroom Flat
Energy Performance Rating
See legal pack.Tenure
Freehold – Subject to the existing tenancies.Tenancy Details
Ground Floor Retail: Let to Forces Support Limited on a new year 11month lease from 5th June 2023 at a passing rent of £21,500 per annum.There is a mutual break clause at the 5th anniversary, subject to 6 months notice.
First Floor Flats - Both let on assured short hold tenancies producing £16,800 per annum.
Total Income: £38,300 per annum
Value Added Tax
We understand VAT is not applicable on this transaction.Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewings
Strictly by appointment with the Auctioneers.DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
VIEWINGS
Buyers are deemed to have viewed the property (if access is available), viewed the virtual tours where applicable and undertaken all their due diligence checks prior to bidding.
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,700 inc VAT (£2,250 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
