Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a freehold industrial opportunity with a number of asset management and development opportunities (subject to obtaining the requisite consents).
Previously used as a car showroom and workshop, the premises are offered vacant and comprise three industrial buildings on a large roadside site.
The accommodation totals 12,604 sq ft (1,171.02 sq m) and includes the former showroom (6,724 sq ft), a former workshop (5,154 sq ft) and a storage unit (725 sq ft).
The property occupies a large roadside site of approx. 1.45 acres (0.596 hectares) and therefore the site has a low coverage of 20%. We therefore consider the property may be suitable for the development of additional buildings (subject to obtaining any requisite consents), particularly to the rear where there is a largely undeveloped site of 0.36 acres.
We consider the site also benefits from immediate asset management potential via letting, with an opportunity to create a high yielding investment.
The property occupies a prominent roadside pitch fronting Bridge Street, an arterial route connecting Central Wednesbury to the A41. The property also lies approx 1.25 miles from the M6 motorway. The surrounding area comprises similar indistrial uses and forms part of the principal industrial belt in the Greater Birmingham area.
Tenure
Freehold