Skip to content

or to save your favourite properties or searches here

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

Offers in Region of
£595,000

Business rates & charges may apply

Bond Wolfe, Commercial Sales
SIZE

Ask agent

SECTOR

Out-of-town retail property for sale

Key features

  • Substantial property on prominent corner in Stone Cross
  • Large ground floor retail unit let until 2030
  • Rear self contained office with own entrance
  • Two, first floor 2-bedroom self contained apartments
  • Parking for several cars to front / side
  • Fully let producing £38,300 per annum
  • Freehold - Offers based on £595,000

Description

For Sale by private treaty.

Offers based on £595,000 are sought for the Freehold interest.

substantial Mixed Use Investment / Development Opportunity

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.

Accommodation
Ground Floor - Currently let at 21,500 per annum.
Rear Office - Vacant.
Flat 4 2 bedroom first floor flat currently let at £8,400 per annum.
Flat 6 Large 2 bedroom first floor flat currently let at £8,400 per annum.
Current total income - £38,300 per annum.

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.

Tenure
Freehold, subject to the existing tenancies.

Tenancy
Ground Floor Retail - Let to Forces Support Limited on a new 6-year 11 month lease from 05/06/2023 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.

VAT
We have been advised that VAT is not applicable.

EPC
Available upon request.

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.

Energy Performance Certificates

EPC 1

Brochures

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

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Tame Bridge Parkway Station0.7 miles
  • Swan Lane Tram Stop1.3 miles
  • Bescot Stadium Station1.4 miles

About Bond Wolfe, Commercial Sales

1st Floor 75-77 Colmore Row Birmingham B3 2AP

Bond Wolfe is a multi-disciplined property business specialising in property Auctions and property Agency with our head office based in Birmingham. Many of our highly experienced and dedicated team have been with the business for over 30 years.

We are truly proud of our Midlands roots and honoured to have represented the region since 1983. We also act for many clients across the UK and overseas too. Bond Wolfe has a great track record of selling, letting and managing property up and dow

More properties from Bond Wolfe, Commercial Sales

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 163946. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bond Wolfe, Commercial Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.