Convenience store for sale
Castle Street, Coseley, West Midlands, WV14
£2,096,000
£569.41 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,681 sq ft
342 sq m
- SECTOR
Convenience store for sale
- USE CLASSUse class orders: Class E
E
Key features
- Prominent convenience store investment.
- Refurbished convenience store extending to 3,681 sq ft together with 11 car parking spaces.
- Let to Asda Stores Limited ,the UK's 3rd largest supermarket chain ( by market share) together with Zest ECO, InPost and Royal Mail Lockers.
- A new unbroken 15 year FRI lease to Asda Stores Limited.
- Total initial Income of £117,100 per annum.
- Excellent income profile with majority of rents linked to CPI ( subject to caps and collars
Description
LOCATION
Coseley has a population of approximately 25,000 people and is located in the West Midlands of England, within the City of Wolverhampton and close to the border with Dudley.
Coseley is about 3 miles south of Wolverhampton and approximately 10 miles northwest of Birmingham, placing it within the heart of the Black Country. Coseley is surrounded by neighbouring areas such as Bilston, Tipton, Sedgley, and Wednesbury, and is set within a largely urban landscape shaped by its industrial heritage. The town is well connected by road and rail (having it's own railway station) with direct rail links to Birmingham and Wolverhampton, making it conveniently situated for travel throughout the West Midlands region.
The broader Coseley and Bilston catchment is undergoing a period of sustained residential growth. Large-scale developments such as Coseley New Village and Pear Tree Lane, alongside smaller infill schemes and nearby affordable housing delivery (e.g., Springvale), are anticipated to support an expanding population base within the 5-10-minute drive zone. This ongoing housing delivery underpins demand for daily convenience retail, enhancing the long-term sustainability of the subject ASDA convenience store.
SITUATION
The property is situated in a very prominent position fronting the busy circular intersection of Castle St ,Green St, Avenue Rd ,Bayer St and National Cycle Rte. 81 in a predominantly residential area. Nearby occupiers include McDonalds, Subway, Dominos, Heron Foods, Tesco Express, Coseley Health Centre as well as several local retailers.
Coseley Train Station is a 5-minute walk with a regular train to Wolverhampton and Birmingham with journey times of 5 minutes and 30 minutes respectively,
PROPERTY DESCRIPTION
The property will comprise a partly refurbished and part new build conversion of the former Old Chainyards public house to create a convenience store extending to 3,681 sq ft 342.1 sq m (GIA). The existing building is of traditional brick construction under a pitch tiled roof the new build extension will be block work and steel frame construction under a mono pitch roof.
Externally the site extends to 0.35 acres with pedestrian and vehicular access from the roundabout . There will be 11 car parking spaces including a disabled space and two electric vehicle charging points . The property was granted planning consent on appeal ref APP C4615/W/25/3367542: Old Chain Yard, WV14 9DW
Practical completion of the development is scheduled to take place in September 2026 .
A full suite of warranties will be available to the purchaser.
TENANCIES
The property is to be let to Asda Stores Limited, Zest Eco Limited, InPost UK Limited and Parcel Locker Company Limited on terms on full repairing and insuring terms.
Coseley has a population of approximately 25,000 people and is located in the West Midlands of England, within the City of Wolverhampton and close to the border with Dudley.
Coseley is about 3 miles south of Wolverhampton and approximately 10 miles northwest of Birmingham, placing it within the heart of the Black Country. Coseley is surrounded by neighbouring areas such as Bilston, Tipton, Sedgley, and Wednesbury, and is set within a largely urban landscape shaped by its industrial heritage. The town is well connected by road and rail (having it's own railway station) with direct rail links to Birmingham and Wolverhampton, making it conveniently situated for travel throughout the West Midlands region.
The broader Coseley and Bilston catchment is undergoing a period of sustained residential growth. Large-scale developments such as Coseley New Village and Pear Tree Lane, alongside smaller infill schemes and nearby affordable housing delivery (e.g., Springvale), are anticipated to support an expanding population base within the 5-10-minute drive zone. This ongoing housing delivery underpins demand for daily convenience retail, enhancing the long-term sustainability of the subject ASDA convenience store.
SITUATION
The property is situated in a very prominent position fronting the busy circular intersection of Castle St ,Green St, Avenue Rd ,Bayer St and National Cycle Rte. 81 in a predominantly residential area. Nearby occupiers include McDonalds, Subway, Dominos, Heron Foods, Tesco Express, Coseley Health Centre as well as several local retailers.
Coseley Train Station is a 5-minute walk with a regular train to Wolverhampton and Birmingham with journey times of 5 minutes and 30 minutes respectively,
PROPERTY DESCRIPTION
The property will comprise a partly refurbished and part new build conversion of the former Old Chainyards public house to create a convenience store extending to 3,681 sq ft 342.1 sq m (GIA). The existing building is of traditional brick construction under a pitch tiled roof the new build extension will be block work and steel frame construction under a mono pitch roof.
Externally the site extends to 0.35 acres with pedestrian and vehicular access from the roundabout . There will be 11 car parking spaces including a disabled space and two electric vehicle charging points . The property was granted planning consent on appeal ref APP C4615/W/25/3367542: Old Chain Yard, WV14 9DW
Practical completion of the development is scheduled to take place in September 2026 .
A full suite of warranties will be available to the purchaser.
TENANCIES
The property is to be let to Asda Stores Limited, Zest Eco Limited, InPost UK Limited and Parcel Locker Company Limited on terms on full repairing and insuring terms.
Brochures
Castle Street, Coseley, West Midlands, WV14
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Coseley Station0.2 miles
- Tipton Station1.2 miles
- Loxdale Tram Stop1.5 miles
Notes
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