Newlyn Road, Cradley HeathOffers in the Region Of £140,000 plus VAT
Sold STCCottons Chartered Surveyors - 0121 247 474700003731
- Development Opportunity
- Dilapodated Mixed Office/Industrial Unit
- Original GIA believed to be Circa. 6,800sq ft (625sq M)
- Plot Circa. 0.29 Acres
- Potential to Re-Instate
- Potential to Redevelop (subject to planning consent)
A DILAPIDATED DETACHED mixed OFFICE/INDUSTRIAL UNIT on a plot circa. 0.29 ACRES. ORIGINALLY having accommodation circa. 6,800sq ft* (635 sq m)* (Measurements provided by old particulars provided by client) making an ideal DEVELOPMENT OPPORTUNITY to either re-instate existing property, rebuild or seek alternative development or use. Formally comprising; ground floor - front workshop with male/female toilets and partitioned canteen, rear workshop , three offices, lower ground floor - office, second floor - office, kitchen, male and female toilets and amenity land.
The property is located circa. 0.3 miles east of Cradley Heath High Street. Newlyn Road is cul-de-sac location off Corngreaves Road exclusively commercial nearby to some residential accommodation. Ideally situated to nearby communter links including 0.7 miles from Cradley Heath Train Station and 3.8 Miles from Junction 2 of the M5.
- The Property
The property comprises a brick built workshop in two bays with rear office extension constructed at a later date in brick with a flat roof. The workshop areas would have originally been fitted with insulated suspended ceilings and lit with fluorescent strip lighting. The property has suffered from significant fire damage and is in a dilapidated condition throughout, not being secure or having a functioning roof.
Due to Health and Safety concerns, a full inspection has not been possible. Therefore a schedule of the former accommodation has been provided by our client from UNVERIFIED PARTICULARS as follows (Measurements unverified gross internal area);
- Workshop (Bay 1)
2,184 sq ft (203sq m)
- Workshop (Bay 2)
2,157sq ft (200sq m)
- Lower Ground Workshop
1,009sq ft (94sq m)
- Lower Ground Offices
495sq ft (46sq m)
- Ground Floor Offices
495sq ft (46 sq m)
- First Floor Offices
495sq ft (46sq m)
The property would originally have had a front fore court for car parking and loading and a further car park area to the side of the building accommodating circa. 15 car park spaces in total. The area has since been blocked off by two dilapidated metal containers.
The existing plot extends to circa. 0.12 Hectares (0.29 acres/1,169sq metres).
We believe that the property may be suitable for re-instating, rebuilding or potentially re-developing with an alternative scheme. Prospective purchasers are advised to make their own investigations with Sandwell Council over potential development opportunities.
Please note - Viewings are not advised. viewers inspect the site at there own risk.
Cottons have been advised that the property is elected for VAT, which would have to be paid in addition to the purchase price.