COSELEY
63 CASTLE STREET, WV14 9DW
Project Overview
Refurbishment of the former Old Chainyards pub in the heart of Coseley to form a new Asda convenience store with parking.
Investment Highlights
Prominently located on a roundabout junction linking Coseley town centre to the town’s railway station and densely populated residential area.
Brand new convenience store extending to approximately 3,681 sq. ft ( 342.1M2) , together with 11 on-site car parking spaces
Let to Asda Stores Limited, the UK’s 3 rd largest supermarket chain by market share, alongside Zest ECO, InPost and Royal Mail lockers .
Asda Stores Limited turnover of £23.773 billion for the year ending February 2024.
Benefit of a new, unbroken 15-year FRI lease to Asda Stores Limited.
Rent commencement: September 2026.
Total initial combined rental income of £117,100 per annum.
Asda Stores Ltd - £110,000
Zest Eco - £4,500
InPost Lockers £1,600
Royal Mail Lockers £1,000
Start on Site April 2026
Anticipated Completion Date September 2026
Price £2,100,000
Yield 5.25% (after 6.41% costs)