Row of shops and flats in Staffordshire village has guide price of £800,000 in Bond Wolfe auction

A freehold, mixed-use investment opportunity in a popular commuter village near Wolverhampton is appearing in our livestreamed auction this month.

The row of five shops with flats above, at 9-17 Station Road in Codsall, will have a guide price* of £800,000+ in the auction on Thursday 14 September.

Ian Tudor, our Commercial Auction Director, said: “The property currently generates £90,400 per annum in rental income.

“The property is situated within a busy village centre and forms one of two retail parades either side of Station Road and a Co-op food store within the centre of Codsall.

“The popularity of this attractive village adds to the attractiveness of this investment opportunity and we expect it to attract bidders from across the UK and overseas when it goes under the hammer.”

The parade of shops and self-contained flats also includes a block of lock-up garages and a large shared yard. The property stands behind a service road with parking bays.

There are flats above units 11-17, each comprising two bedrooms, a bathroom, kitchen and living area. Unit 9 comprises first floor storage and office space connected to the ground floor accommodation.

Unit 9 is occupied by Siculo, a new Sicilian restaurant, on a 10-year lease from 14 November 2022 at a rent of £18,500 per annum. There is provision for a rent review in November 2027.

Units 11 and 11a are occupied by The Ace of Vapez on a nine-year lease from 7 February 2012 at £18,000 per annum. The tenant is currently holding over.

Units 13 and 13a are leased to the News Express newsagents on a 10-year term until 27 January 2026 on a rental of £18,000 per annum. There is provision for a rent review in January 2025.

Units 15 and 15a are leased to award-winning local butchers Allan Bennett on a 10-year lease from 29 October 2013 at £18,900 per annum.

Unit 17 is let on a 10-year lease, from 25 November 2022, to the Sculpted Microblading beauty salon at a rent of £17,000 per annum. There is provision for a rent review in November 2027. The flat at Unit 17a is currently vacant.

Mr Tudor added: “Station Road is the main village thoroughfare and is bordered by retail development and other commercial uses. Residential properties predominately occupy the surrounding area.

“Codsall is a popular commuter village in South Staffordshire, approximately five miles north west of Wolverhampton city centre. Codsall railway station is a short walk south of the property.”

The Codsall property is just one of 180 lots that are appearing in our next auction, which will start at 9am on Thursday 14 September.

If you have a property you are considering selling, visit https://www.bondwolfe.com/free-property-appraisal/ email [email protected] or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.

* Each property is subject to a reserve price which may be different from the guide price.  Please refer to the Important Information and legal pack(s) for further information and any additional fees which may apply.