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41 Black Lake, West Bromwich, B70 0PE

Offers in the Region of £895,000

About this property

DESCRIPTION
The property comprises of a three storey brick built building underneath a pitched roof with side extension. The ground floor comprises trading areas including a bar/lounge, function room, ancillary areas including W.C’S and kitchen. There is residential accommodation to the upper floors with substantial car parking to the side and rear.
The property is considered ideal for redevelopment, subject to planning consent, and plans have been drawn up for the development of 21 residential dwellings above and to the rear of the existing property.
The property currently trades as a highly profitable public house and restaurant. No direct approach should be made and all interested parties should contact Bond Wolfe in the first instance.
PLANNING
Plans have been drawn up for the redevelopment of the site to include the development of 21 residential dwellings, further details are available on request from the sole selling agents Bond Wolfe.
Additionally, parties looking to acquire the site for alternative use are advised to consult with Sandwell Metropolitan Borough Planning Department on: 0121 569 4054.
FIXTURES AND FITTINGS
Fixtures and fittings are excluded from the purchase price.

LOCATION
The property occupies a prominent position along the main A4196 Black Lake which leads directly from the A41 Black Country New Road. West Bromwich Town Centre lies approximately 1 mile to the south providing access to the major motorway networks via junction 1 of the M5.
MONEY LAUNDERING
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful Purchaser.
SERVICES
Mains services will be available and prospective purchasers should make their own independent enquiries as to the suitability of the services for their particular requirements.
A service charge contribution shall be payable towards the costs of service provided by the Landlord.
ASKING PRICE
Offers in the region of £895,000 are invited for the freehold interest.
TENURE
Freehold.
VAT
We have been advised that VAT is applicable.

Key Features

  • Potential mixed use development opportunity.
  • 0.46 acre site, suitable for redevelopment (subject to consent).
  • Plans drawn up for 21 apartments.
  • Subject to planning and conditional offers considered.

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