Commercial property for sale.
Offers Over £300,000
Willenhall, with a population of some 28,000, is located some 14 miles north-west of Birmingham city centre and some 4 miles east of Wolverhampton. The town lies to the north of the A454 Black Country Route, some 2 miles west of Junction 10 of the M6 Motorway. The property is well located on the pedestrianised section of Stafford Street, at its junction with Market Place. Occupiers close by include Boots the Chemist (adjacent), Greggs, Barclays, Superdrug, Betfred and Ladbrokes, amongst others.
The shop is arranged on ground and one upper floor to provide a ground floor shop with ancillary storage accommodation at first floor level, it also includes a vacant site on Union Street and the rear service area serving the property and also 2/10 Union Street and 1/7 Stafford Street. The purchaser will be responsible for managing the service charge and maintenance of the yard area (3).
The site has huge potential for development (STP). The shop (1) has potential to develop above as well as having possibility of erecting advertising hoarding on the external wall. The vacant site (2) could be developed to provide 2 retail units with 4 flats above. The service yard (3) could be turned into a car park providing parking for up to 35 cars.
Freehold Shop Investment, together with Service Yard and Site
Town centre location, shop adjacent to Boots
Shop let to Compton Hospice Ltd on a lease expiring 2026 (1)
Vacant site (2)
Rear service yard for the shop and adjoining units (3)
VAT not applicable
Shop Rent Review 2021
Shop Current Rent Reserved £21,000 pa
Tenure - Freehold