675 Turners Lane, Brierley Hill, West Midlands, DY5 2PG

Guide Price = £500,000 - £550,000 (+ 20% VAT)

Property for auction on 21st October at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT

A substantial two-storey property of modern brick construction surmounted by a pitched tile clad roof, being long established as a commercial investment having One Stop Supermarket and Beauticians to the ground floor with a range of vacant offices to the first floor having planning consent for conversion to three self-contained flats.

The property occupies a large plot extending to an area of 0.33 acres (1,315 sq m), set well back from Turner's Lane behind a tarmacadamed customer car park with vehicular side access to rear staff car park and service yard. The property forms part of an established residential area known as Withymoor Village and is conveniently located within 1 mile of Brierley Hill Town Centre, 1 miles from the Merry Hill Shopping Centre and approximately 2 miles to the North-East if Stourbridge Town Centre.

Planning:
The first-floor office suite has planning consent granted by Dudley MBC (Ref: P23/1507) and dated 20th March 2024 for conversion to form three 2-bedroom self-contained flats. The site may lend itself to further redevelopment and all interested parties should discuss any proposals and the local planning department prior to bidding.

Tenancy Information:
Units 1 & 2: Let to One Stop Stores Limited on a lease for a term of 9 years from 20th January 2021, subject to a rent review on 20th January 2027 and at a current rental of £18,000 per annum

Units 3 & 4: Let as a Beauticians trading as Unique Hair Design and Beauty on a lease for a term of 21 years from 1st March 2013, with rent reviews due on 1st March 2028 and 1st March 2031, and a current rental of £17,250 per annum
First Floor: Currently vacant offices
Total current rental income: £35,250 per annum with potential to substantially increase by reletting/redeveloping the 1st floor accommodation.

Accommodation
Ground Floor: (Note: details obtained from VOA website)
Units 1 & 2 (One Stop) : Retail/Sales Area: 92.83 m (999 sq ft), Storage: 19.87 m (213 sq ft), Office: 4 m (43 sq ft), Staff Toilets
Total Floor Area: 116.7 m (1,256 sq ft)
Units 3 & 4 (Hair and Beauticians): Retail/Treatment areas: 74.3 m (800 sq ft), Storage: 10.5m (113 sq ft), Staff Toilets
Total Floor Area: 84.8 m (912 sq ft)

First Floor
Office Accommodation: Rear/Side Entrance to Entrance Hall with lift and storeroom, Stairs to First Floor, Landing with store, Former Offices: 230 m (2,476 sq ft) comprising a large open, office with three separate offices leading off, two toilets (no fittings), Inner Hall with store and three further offices.

Outside:
Large tarmacadamed forecourt/ car park, vehicular side access to staff car park and service yard

EPC Rating: Unit 1-2: B (45), Unit 3-4: C (65), First Floor: D (62)

Legal Documents:
Available at

Viewings: Refer to viewing schedule online.