Pedmore Road, Stourbridge

For Sale - £850,000

Details

Pedmore Road, Lye, Stourbridge, DY9 8JX
Pedmore Road, Lye

Guide Price

£850,000

Floor Area (Max)

Approx 0.39 acres

Exciting opportunity to acquire a well let mixed use investment with development potential (with outline planning) to the rear of the site.

The property is income producing in the amount of £59,078 per annum currently - tenancy schedule available on request.

To the rear of the property (Polly Brooks Yard) the land benefits from outline planning permission for 8 no apartments. Further details can be forwarded upon request or alternatively a prospective purchaser may wish to view the application themselves - planning reference no: P18/1620

The site is available as a whole or alternatively the retail and residential elements may be sold separately from the land.

Location

The site can be accessed via the A458 (Lye High Street) or the A4036 (Pedmore Road), both of which are busy main roads and are main arterial routes linking Stourbridge to Halesowen and Merry Hill to Hagley and Pedmore.

Accomodation

The property consists of x6 retail units and x8 residential dwellings with a parcel of land to the rear with outline planning permission

Rating

Further EPC and rating details available on request

Terms

The property is to be sold on a Freehold basis with offers in the region of £850,000 invited

Contact Details

Harvey Pearson
01384 374888
hp@hexagoncommercial.co.uk

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