Green St - Storefront Retail/Residential FOR SALE


Kidderminster, WOR DY10 1JF
$1,000,000 USD
Green St, Kidderminster, WOR for Sale
$1,000,000 USD
Storefront Retail/Residential - FOR SALE
1/18
null | Request Cap Rate

Green St
Kidderminster, WOR DY10 1JF


HIGHLIGHTS

  • Significant residential/commercial development site
  • Site area 0.877 acres (0.35 hectares)
  • Adjacent to new Morrisons development

OVERVIEW

Description<br />The site comprises in large brick built warehouse accommodation under an elevated pitched roof. The warehouses currently extend to over 35,000 sq ft. The property fronts onto both Green Street and Dixon Street.<br /><br />The site offers 0.877 acres (0.35 ha) of flat well made ground.<br /><br />The property would lend itself to a variety of commercial uses or potential for residential redevelopment, subject to planning consents.<br /><br />Location<br />The property is prominently located onto Green Street, situated on the South Eastern fringe of Kidderminster Town Centre and within close proximity of the main Worcester Cross Ring Road Roundabout.<br /><br />Nearby retailers include Aldi, Tesco, Farm Foods and a newly constructed Morrison's.<br /><br />Kidderminster is an established market town in the Wyre Forest district of Worcestershire. It is located approximately 17 miles (27 km) southwest of Birmingham city centre and approximately 15 miles (24 km) north of Worcester city centre.<br /><br />The 2021 census recorded a population of 57,400 in the town, which forms the majority of the Wyre Forest Conurbation, an urban area of 99,000. The property is prominently positioned fronting onto Green Street.<br /><br />The location is also home to Kidderminster College nearby, and the railway station.<br /><br />Terms<br />The property is offered for sale freehold with vacant possession.<br />The property is held under Title Number WR107358.<br /><br />Services<br />(Not tested at the time of inspection)<br />It is understood that mains water, drainage, gas and electricity are available.<br /><br />Planning<br />Interested parties are to make their own enquiries with the Local Planning Authority.<br /><br />The property is subject to the following redevelopment parameters:-<br />- Provide a new street layout, taking into account historic street patterns and buildings<br />- Provide strong and active frontage onto adjacent streets and spaces.<br />- Have a positive relationship with the ring road.<br />- Have regard to the future road infrastructure of the ring road.<br />- Take full account of the Groundwater Source Protection Zone that exists within this area, in safeguarding groundwater supply.<br /><br />Tenure<br />The property is offered for sale freehold with vacant possession.<br />The property is held under Title Number WR107358.<br /><br />Local Authority<br />Wyre Forest District Council<br />Wyre Forest House<br />Finepoint Way<br />Kidderminster<br />DY11 7WF

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Farmfoods

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1934

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

HW97928,WR108826,WR108827,WR114908,WR149561,WR207676

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James EvansHalls Holding LtdMore Info

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