Retail Property (high street)
False
The property lies to the southern side of the B4176 Wolverhampton Street, a busy local route serving Dudley Town Centre. Within the immediate vicinity, there is a good mix of residential, retail and other commercial users.
The property comprises a mid terraced three storey part rendered brick building with a pitched tiled roof. The ground floor is divided to provide a small off-licence and a fully equipped hot food takeaway. On the first floor there are two rooms, kitchen and two shower rooms, each having wash hand basin and WC. On the second floor there are four further rooms.
Commercial Investment
A Freehold Mixed Retail & Residential Investment Opportunity
Current Gross Income, Equivalent to: £41,740 pa.
Estimated Full Rental Value, Equivalent to: £48,460 pa.
No. 47 -The property is Let to Dudley Booze Ltd, by way of a 6½ year Lease with effect from 18th January 2016, expiring on 17th July 2022. The rent passing is £7,200 per annum.
No. 48 -The property is let to Hot Food Hut Ltd, by way of a 6½ year Lease with effect from 11th January 2016, expiring on 10th July 2022. The rent passing is £20,800 per annum.
Four rooms on the upper floors are currently let producing equivalent of £13,740 per annum.
Copies of the Lease documentation will be available for inspection within the legal pack.
We understand that the property is Freehold and is being sold subject to the existing tenancies.
We understand that VAT will not be charageable upon this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
