Middlemore Lane offers a rare income-producing development site in Aldridge, comprising 4.51 acres with outline planning permission
SOLD
Middlemore Lane
Aldridge, Walsall, West Midlands, WS9 8DLThis property is no longer available
| Type | Industrial, Development land |
|---|---|
| Tenure | Freehold |
| Yard | 4.51 acres (1.82 hectares) |
| Availability | Sold |
| Freehold price | £3.2 million |
Location
Middlemore Lane provides a development site for sale in Aldridge, located approximately half a mile to the west of Aldridge town centre.
Middlemore Lane itself leads to the A454 (Walsall Road), giving access to Walsall town centre, approximately 2 miles to the south west. Junction 10 of the M6 is 5.6 miles away, circa 16 minutes drive time.
The nearby A461 (Lichfield Road) provides access to the M6 Toll Road, approximately 4 miles to the north. Birmingham city centre lies 9 miles to the south.
Back to topFeatures
This freehold development site provides a secure open storage compound with dual access points onto the road and extends to 4.51 acres (1.82 hectares). The site also benefits from the following lease:
- Half the site is let to Turners of Soham, producing £80,000 per annum. The lease terminates in May 2030 with a mutual break option May 2025 (subject to 12 months notice). There is a rent review after the 5th year.
Current ground surveys are available for interested parties.
Outline planning permission has been obtained for two buildings, as detailed in the outline planning permission 21/0572.
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