185-186, High Street, Dudley

An opportunity to acquire a prominently positioned freehold development site in the heart of Dudley town centre, benefitting from full planning permission for a mixed-use residential and retail scheme. The approved development comprises the demolition of existing buildings (within the conservation area) and the conversion and extension of the retained building to create 14 self-contained residential apartments, including a third-floor extension and associated alterations to the elevations. The consent also provides for the retention of the ground floor retail unit (Use Class E) with a new contemporary shopfront, together with a redesigned on-site parking layout serving the development.
Ground Floor Shop Sales Area - 1,325 Sq Ft Raised Ground Floor Sales Area - 2,968 Sq Ft Raised First Floor Sales Area - 2,865 Sq Ft First Floor Storage - 1,140 Sq Ft Second Floor Storage - 1,220 Sq Ft Basement - 2,900 Sq Ft Total - 12,418 Sq Ft
The property occupies a prominent position on Dudley High Street in the heart of the town centre. Dudley is a major Black Country town located approximately 9 miles west of Birmingham and 6 miles south-east of Wolverhampton. The property benefits from excellent access to local amenities, public transport and the wider road network, with the A461 and A4123 providing convenient links to the M5 motorway. The town centre continues to benefit from ongoing regeneration and investment, making it an attractive location for mixed-use residential and commercial development.
Freehold
Please contact the relevant local authority for further information on the business rates.
We are instructed to seek £500,000 for the freehold interest.