×

Warning

Cannot render background-image. We need to discuss how to specify them.

Sold

13 & 21 Abbey Road, Gornal Wood, Dudley DY3 2PQ

1870 Sq ft.
  • Wholly let to AF Blakemore & Son Limited(Company Number 00391135) who reported Pre Tax Profits of £6,353,000 for the Financial Year Ending 30th April 2018
  • 10 Years unexpired term
  • Net Initial Yield of 6.5% (after costs)
  • Car parking to the front and also there is a rear car park in its ownership
  • Not elected for VAT

The property is a prominently located part two storey and part single storey property that comprises of a convenience store and a residential flat and forms part of a neighbourhood shopping parade fronting onto Abbey Road it is located close to the junction with Bull Street (B175) in the centre of Gornal Wood.

The shopping parade and surrounding occupiers include a Co op pharmacy, Sainsbury, News Express, Dudley Building Society, Compton House and Gornal Wood Library.
Gornal Wood is a suburban area of Dudley Metropolitan Borough in the West Midlands. Gornal Wood had a population of 12,992 at the 2011 Census. It is located approximately 2.1 miles west of Dudley and approximately 18 miles west of the City of Birmingham.

Gornal Wood is geographically well located to the national road network being approximately 11 miles south of the M54 and approximately 16 miles south of the M6. Gornal Wood is located approximately 2.5 miles from Kingswinford and 2.2 miles from Wall Heath.

The property comprises of a part two storey and part single storey property comprising of a convenience store with a former residential flat above, which is accessed via an external stair case. The property is of traditional brick construction under a flat roof cover.

The ground floor shop unit trades as a convenience store which benefits from a fully glazed shop front of approximately 9.3m onto Abbey Road.

The shop unit is well presented and benefits from a Total Net Sales Area of 1870 sq ft (173.7 m sq) with ancillary accommodation.

To the rear of the property there is a large car parking area providing car parking and a delivery access to the convenience store.

The property is wholly let to AF Blakemore and Son Limited (Company Number 00391135). A F Blakemore and Son Ltd is a food retail, wholesale and distribution company

AF Blakemore and Son Limited are a convenience store trading as Spar and Tates with over 280 stores nationwide and is the largest independent convenience store operator in the UK.

For the Financial Year Ending 30th April 2018 the companies audited accounts reported a turnover before exceptional items was £1,058,392,000 and an operating profit of £10,208,000 was reported with a profit before taxation of £8,537,000.

read more...

Similar Properties

 

Top