Bond Wolfe completes £500,000 sale of mixed-use West Bromwich property fully let to armed forces charity and residential tenants

Bond Wolfe’s Commercial Agency team has successfully concluded the sale of a substantial mixed-use investment property in the Black Country, achieving a final sale price of £500,000 for the freehold premises at 215 Walsall Road, Stone Cross, West Bromwich.

The prominently positioned corner property, fully let and generating annual rental income of £38,300, was purchased by Midlands-based investment firm KB1 Properties Limited.

James Mattin, Managing Director and Auctioneer at Bond Wolfe, commented:

“This was a high-yielding investment opportunity in a well-connected and thriving local centre.

With a respected national charity in occupation and two fully let apartments above, this asset offered immediate income and long-term potential, making it an attractive addition to any portfolio.”

The ground floor of the property is currently let to Forces Support Limited, a national charity providing practical support to the families of fallen service personnel and veterans, at a passing rent of £21,500 per annum.

Above, the two self-contained two-bedroom flats are let on assured shorthold tenancies, bringing in a combined rent of £16,800 per annum.

Spanning approximately 2,500 sq ft, the retail unit benefits from two separate entrances, gas central heating, double-glazed windows, a newly fitted roof, and a rear kitchenette and WC. A refurbished basement cellar offers additional storage or workspace options, while a self-contained office to the rear—with its own access, basement and WC—presents future lettable potential.

Externally, the property provides private car parking to the side and rear—an added asset in this popular suburban setting.

Located at the junction of the A4031 Walsall Road and Charlemont Road, the property enjoys strong local footfall, with nearby occupiers including Tesco Express and Lloyds Pharmacy. The site sits just 2.5 miles north of West Bromwich town centre, with excellent transport links and easy access to Junctions 1 and 7 of the M5 and M6 motorways.

The buyer was advised by Enoch Evans LLP, which has offices in Walsall, Sutton Coldfield and Cannock, while the seller was represented by Heritage Solicitors, based in Handsworth, Birmingham.

This successful transaction further reinforces Bond Wolfe’s continued role in the delivery of well-performing, securely let commercial and residential investments across the West Midlands and beyond.