Rare 1.2-acre asset with parking and redevelopment potential for investor buyers.
1. Freehold retail site on approximately 1.2 acres, prominent corner frontages.
2. Mix of ground-floor retail and separately accessed residential accommodation above.
3. Part income-producing; some units currently vacant — income details available.
4. Substantial on-site car parking with main access via Salters Road.
5. Mid-20th century buildings largely derelict; significant renovation required.
6. Located in a deprived area with high local crime — affects lettings/value.
7. Strong mobile and broadband connectivity; local amenities and schools nearby.
8. Offers invited unconditional over £1,200,000; redevelopment potential subject to consent.
This substantial freehold retail site sits on a prominent 1.2-acre corner plot at Lichfield Road and Salters Road, offering a mix of ground-floor retail units and separately accessed residential accommodation above. The asset is currently part income-producing with other units vacant, creating immediate rental yield while allowing scope for longer-term value uplift through reconfiguration or redevelopment.
The buildings are mid-20th century and largely in need of renovation; parts appear derelict and will require investment to bring units back into full use. On-site car parking and dual road frontages provide clear commercial advantages for local retail or service occupiers, and the site footprint is unusually large for a local shopping parade, helping to support alternative uses subject to consent.
Practical considerations: the site is in a deprived area with a high local crime rate, which will influence tenant mix, rental levels and redevelopment appetite. Mobile and broadband connectivity are strong, and there are multiple nearby schools and local amenities, which help retain steady local footfall. Offers are sought unconditional over £1,200,000.
This opportunity suits investors or developers prepared to carry refurbishment and management risk, or to pursue planning-led change. Further tenancy and income details are available on request; purchasers should allow for refurbishment costs, potential planning consent, and local market constraints when assessing purchase and business plans.
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