Strettons · 29 Oct 2026 · in 10 days
Freehold vacant former bingo club & vacant site - redevelopment opportunity
Former Majestic Bingo Club 15-19 Cradley Road, Cradley Heath, West Midlands, B64 6AG · West Midlands
LiveLeisureFreeholdVacant
- Guide
- £400,000
- Rent a year
- ≈£39,400est.
- Yield on the guide
- ≈9.9%est.
- Payback
- ≈10 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
Strettons hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.
How it compares
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Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Strettons' record
Strettons' results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold leisure lot in Cradley Heath. Offered vacant, so there's no income from day one.
FREEHOLD VACANT FORMER BINGO CLUB & VACANT SITE - REDEVELOPMENT OPPORTUNITY A substantial detached property comprising a former bingo club, 4 shops with upper parts, a parking area to the side and a separate area of land opposite. Located in the centre of Cradley Heath, just south of the High Street, close to a Lidl supermarket and about ¼ mile from Cradley Heath railway station. Cradley Heath lies about 9 miles west of Birmingham city centre.
Figures come from Strettons' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.