Commercial Property
Ref: Peter Loveday
The property is situated in Amblecote, which lies approximately 1 mile north of Stourbridge in the West Midlands. The town is approximately 13 miles west of Birmingham, 9 miles north of Kidderminster and 9½ miles south of Wolverhampton. The building benefits from a prominent frontage onto the main A491 High Street, a busy local route. The site can be accessed from the front via High Street or from a side entrance from King William Street. The property lies within a well established commercial and residential environment.
York House is a prominent three storey building with warehouse/workshop accommodation to the rear, arranged around a tarmacadam surfaced car park.The main building fronting onto High street, comprises retail accommodation at ground floor, occupied by Hobbs Carpets, trading as Kidderminster Carpets and the upper floors are arranged to provide a number of office suites accessed from a central staircase. The majority of the accommodation has been refurbished to provide well specified offices, comprising carpeted floors, painted and plastered walls, perimeter trunking, suspended ceilings and category II lighting.
Annexed to the ground floor retail unit is an interconnected rear warehouse, which is of steel portal frame construction, with a profile corrugated roof, and has an eaves height of approximately 3.5m. There is additional warehouse accommodation to the rear of the site.
Commercial Investment
A High Yielding, Freehold Mixed Use Investment PropertyPassing Rent: £118,250 pa. with potential to increase rental income.Property Extends to approx. 22,420 sq.ft. (2,085 sq.m.)
We understand that the property is Freehold, subject to the various commercial tenancies detailed below. Further details relating to tenure and copies of the various Lease Agreements will be available for inspection within the legal pack.
VAT will be chargeable on this transaction. It is therefore anticipated that any sale will take the form of a transfer of a going concern (TOGC). Further details will be available within the legal pack.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
