Summary - 164-165, HIGH STREET B65 0DX
1 bed 1 bath Commercial Property
Freehold retail income with vacant upper floor for refurbishment or conversion.
Ground-floor let to William Hill: 10-year lease, £16,000 pa income
Vacant first-floor offices: require full refurbishment and rewiring
Rear workshops need refurbishment; vacant possession early Oct 2025
EPCs mixed: Ground B, First E, Workshop D — upgrades likely needed
Rear loading access and right of way from Short Street for deliveries
High-crime, very deprived local area may affect lettings and insurance
Only ten years remaining on tenant lease — lenders may refuse mortgages
Mains services present but first floor water/electric supply needs verification
This freehold High Street unit offers an established ground-floor retail income with scope to increase value through refurbishment and reconfiguration. William Hill occupy the ground floor on a 10-year lease paying £16,000 pa, providing immediate income while the first floor and rear workshops are vacant or soon to be vacant and ready for work.
The first-floor accommodation and rear workshops require substantial refurbishment, including a full rewire and likely water-supply checks. EPCs vary across the building (ground B, first floor E, workshop D), so upgrading energy performance would be sensible if repurposing or re-letting. There is useful rear access for loading from Short Street and an existing right of way for the current tenant.
This is a value-add purchase suited to an investor or developer comfortable with town-centre regeneration in a deprived, high-crime area. The location provides strong footfall and multiple local amenities, but lenders may be cautious: the existing lease has only ten years remaining, which could restrict mortgage options. Legal and technical due diligence is essential before proceeding.
Potential upside includes re-letting/refurbishing the first floor for office or residential conversion (subject to consents), modernising services, and increasing rental income after works. Be realistic about timing, tenant demand, and refurbishment costs in this area.
Shop for sale in Halesowen Road, Cradley Heath, B64 — £185,000 • 1 bed • 1 bath • 731 ft²
Shop for sale in High Street, Stourbridge, DY8 — £292,500 • 1 bed • 1 bath
High street retail property for sale in High Street, Lye, DY9 — £195,000 • 1 bed • 1 bath • 3165 ft²
Mixed use property for sale in Market Place- Mixed Use Investment, Willenhall, WV13 — £320,000 • 1 bed • 1 bath
High street retail property for sale in 5a Hall Green Road, Stone Cross, West Bromwich, B71 — £250,000 • 1 bed • 1 bath • 1447 ft²
2 bedroom terraced house for sale in High Street, Quarry Bank, Brierley Hill, DY5 — £200,000 • 2 bed • 1 bath • 1471 ft²
