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⦁ Freehold site with planning granted for mixed use development comprising ground floor convenience retail store, community pub, EV charging hub, 8 apartments and 7 residential dwellings.
⦁Anchored by Asda Express cstore on an annual rent of £130,000 pax on an unbroken 15 year lease. EV charging rental income of £24,000 pax on a 30 year unbroken lease.
⦁The property will appeal to local, regional and national developers and investors.
The site extends to circa 1.19 acres.
Freehold
Featherstone is a well established residential suburb positioned between Wolverhampton and Cannock, both located within a 5mile radius. The area benefits from strong regional connectivity, with Junction 11 of the M6 approximately 1.5 miles to the north and Junction 1 of the M54 just 0.4 miles to the south. Hilton Main Industrial Estate lies nearby, contributing to the area's mixeduse character. The site occupies a prominent roadside position fronting Cannock Road (A460), a key arterial route through the region. The site offers extended frontage and excellent visibility to passing traffic.
The site represents an exciting opportunity to acquire an attractive mixed use development and is likely to be of interest to local, regional and national developers and investors.
The developer has entered into a S106 Agreement with Staffordshire County Council. The S106 Agreement requires four of the housing plots to be provided as affordable housing (2 x shared ownership, 2 x social housing). The S106 Agreement also includes a contribution to Cannock Chase Special Area of Conservation of £5,500.30. A copy of the S106 Agreement is available on request.
Local Authority South Staffordshire Council. Full planning granted for the demolition of the
existing public house and erection of mixed use development comprising ground floor convenience retail store (380sqm), community pub (201sqm) with external terrace and refuse store, and 8no. apartments at first floor, 7no. dwellinghouses, car parking, drainage, access, substation and associated work. (Subject to S106 Agreement) Planning Application
