Retail premises for sale in Co-Op, 9 Market Street, Penkridge, West Midlands ST19

For lease or sale (freehold) this retail unit is available with storage on the ground floor and an additional three self-contained, two-bedroom residential apartments on the first floor. The apartments also include their own access off Market Street.

The property is a prominent feature in the village fronting out onto Market Street with a set back entrance store and car parking to the rear of the property. The first-floor apartments and ground floor post office will be vacant upon completion.

Location Highlights

The property is located on Market Street in Penkridge in South Staffordshire. It is approximately 10 miles from Wolverhampton City Centre and 7 miles from Stafford Town Centre. The Town Centre is within walking distance of the train station.
The property is situated within an expanding residential area with newly completed developments. As well as having a retirement home, there are several pubs, a church, nursery and a school all located in the village. The property is on the local high street which features several hairdressers, estate agents, antiques shop and haberdashery.

Services and Planning

There is a covenant that requires public access to the rear of the car park identified on the title plan and shown on the shaded blue area of the map. A private car park to the Mill Street entrance is accessed via the Co-op land. The ownership of the private car park is yet to be identified and confirmed on the land registry. Avison Young is not aware of any formal or informal arrangement.

Main services are available at the property though purchasers should check for themselves the capacity and sustainability.

The property is not within a Conservation area.

A high-level planning summary review was conducted in 2022.

Any change of use and redevelopment would be subject to planning permission.

Viewing

All parties wishing to inspect the property are required to make prior arrangements with Avison Young. It is intended that a number of viewing days will be arranged during the marketing period.

Bullets Points 1

For sale as a vacant freehold property with conversion potential

Bullets Points 2

Ground floor retail: 1,290 sq m (13,890 sq. Ft)

Bullets Points 3

Site area 0.3ha or 0.8 acres

Bullets Points 4

Ground floor retail with post office

Bullets Points 5

Three first floor apartments

Bullets Points 6

Apartments have private access

Car parking at rear of property

Walking distance to train station