£1,500,000 Freehold
Commercial/Residential/CStore Development Opportunity at the former Red White & Blue PH
The Former Red White & Blue Public House
19 Cannock Road
Featherstone
Wolverhampton
Staffordshire
Key Points
- 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 c-store 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.
Location
Featherstone is a well-established residential suburb positioned between Wolverhampton and Cannock, both located within a 5-mile 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 mixed-use 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.
Description
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.