Pedmore Road, Stourbridge
Sold STC - £850,000
Pedmore Road, Lye
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.
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.
The property consists of x6 retail units and x8 residential dwellings with a parcel of land to the rear with outline planning permission
Further EPC and rating details available on request
The property is to be sold on a Freehold basis with offers in the region of £850,000 invited
Harvey Pearson 01384 374888 firstname.lastname@example.org
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T: 01384 374888