Hagley Road - £550,000

Details

Features

Description

Walton & Hipkiss Commercial offer For Sale this PRIME LOCATED MIXED USE FREEHOLD OPPORTUNITY in the heart of OLDSWINFORD, STOURBRIDGE featuring a DETACHED FOUR-BEDROOM PERIOD HOUSE alongside a GROUND FLOOR RETAIL UNIT/SHOP with facilities and versatile workshops to the rear. This prominent location benefits from HIGH TRAFFIC VOLUME, making it ideal for INVESTMENT, REFURBISHMENT, or RE-DEVELOPMENT. The property boasts FRONT & REAR ACCESSS, AMPLE DRIVEWAY PARKING/VEHICLE ACCESSS & GARDENS, further garages stand to the rear elevations, providing excellent convenience for both residential and commercial use. With VACANT POSSESSION and significant POTENTIAL TO MAXIMISE RETURNS, this site represents a rare chance to secure a flexible commercial development in a sought-after area.

The prime investment / potential deveoplment sits in Oldswinford heart with Stourbridge Town Centre being less than a mile away. Stourbridge Junction Train Station is a short walk away with many local businesses including Tesco, M&S Foods and many more.

REDBANK HOUSE:

SPACIOUSLY ACCOMMODATED FOUR BEDROOM EXTENDED & DETACHED HOME with Lounge, Breakfast Kitchen and Cellar on the Ground Floor Accommodation. There are FOUR BEDROOMS to the first floor accommodation with a FAMILY BATHROOM. Garden to the rear elevation and front of property access. There is possibility to convert the retail premises back to residential accommodation if wanted.

POTENTIAL INVESTMENT / RENTAL VALUE OF £1,100PCM - £13,200 PER ANNUM

SHOP UNIT:

Ground floor LOCK UP SHOP / RETAIL UNIT offering 531sq ft of floor space with facilities to the rear and good shop frontage to Hagley Road.

COMMERCIAL EPC RATING = C (Dated until 15th Feb 2031)

POTENTIAL INVESTMENT / RENTAL VALUE OF £750pcm - £9,000 PER ANNUM

WORKSHOPS TO THE REAR OF "REDBANK HOUSE":

Substantial Workshops accessed via the grounds of Redbank House, they hold separate accesses, services and facilities. This offers potential for development or investment and could be converted with subsequent planning permissions.

GARAGE / PARKING / GARDENS:

Substantial garage could be used for mixed use or added within development, ample parking accessed via the rear of the Hagley Road with secured gated access. There is further land / garden beyond which could have potential for further mixed uses.

ACCOMMODATION SIZES:

REDBANK HOUSE GROUND FLOOR - 436 Sqft

REDBANK HOUSE FIRST FLOOR - 740 Sgft

REDBANK HOUSE CELLAR - 146 sqft

REDBANK HOUSE TOTAL SQ FT: 1323 sqft

SHOP UNIT (INC FACILITIES) - 531sqft

REAR WORKSHOPS (Reference Only) - 849sqft

GARAGE (Reference Only) - 558 sqft

TENURE - FREEHOLD

** We advise all potential buyers to satisfy themselves regarding current or intended alternative uses of the property and surrounding buildings and seek planning consents as appropriate:

Planning Authority - Dudley MBC, Council House, Priory Road, Dudley, DY1 1HF.

ALL VIEWINGS ARE THROUGH WALTON & HIPKISS COMMERCIAL DEPARTMENT - CALL NOW TO ARRANGE.