• Commercial Property Agents
  • 01902 425646

Castle Street, Coseley, WV14 9EP

Map Loading Or Not Available

Property Overview

Purchase Price: £2,500,000
Type: Investment Properties
Tenure: For Sale
Description:

Retail Investment Property

Detailed Information

Location

The property is located about a mile to the west of Dudley and is situated just off the main A4123 Birmingham New Road

Description

The property comprises a local shopping centre used as eighteen shops (originally built as 22 units), configured in two blocks and with associated servicing and public car parking areas. A large foodstore anchors the parade

There is a block of 18 flats above one of the blocks which have been sold off individually to long leaseholders

Tenancies

The block contains numerous multiple traders, Greggs, Dominoes, Tamworth Coop (t/a Haliwells Funeral Directors) , William Hill along with a Post Office, dental practice, optician and other long established businesses

The flats provide a small income from ground rents, and there are potential future opportunities to sell lease extensions

The total current rent roll is     £223,445pa


Full tenancy shedule available on request

Management

The leases provide for the landlord to maintain the block and to levy a service charge

Price

£2,500,000

EPC

Available on request

VAT

The property is not elected for VAT

Further Enquiries

For further enquiries please contact Mark Tromans Tel 01902 425646

Subject to Contract February 2026

© 2020 Michael Tromans & Co. | Web Design by Nutcracker

Michael Tromans & Co is the trading name of Michael Tromans & Co LLP. Michael Tromans & Co LLP is a Limited Liability Partnership registered in England and Wales.
Registered Office: 6 Waterloo Rd, Wolverhampton, West Midlands WV1 4BL. Registered No. OC358112.

MISREPRESENTATION ACT 1967: Michael Tromans & Co. for itself and for the vendors or lessors of this property whose agents they are given notice that the particulars are a general outline only for the guidance of intending purchasers or lessees, and do not constitute an offer of contract. All descriptions and any other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. No employee of Michael Tromans & Co. has any authority to make or give any representation or warranty whatever in relation to this property.