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  • 01902 425646

69 High Street, Dudley, DY1 1PY

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Property Overview

Purchase Price: £210,000
Type: Investment Properties
Tenure: For Sale
Description:

Mixed Use Investment

Detailed Information

Location

The property is located in Dudley town centre , in a long established shopping street

Description

The property comprises a mixed use investment property, with a shop and ground floor and three flats above

The shop has been used for many years as a cafe

The flats were converted in January 2015 with a Building Regulations Certificate issued at that date

The rent of flats has been static since 2015, the tenants have been longstanding, and hence the rent may potentially be below full market value

Accommodation

--Ground Floor--

Cafe       800ft2 approx

Separate ground floor entrance from High Street, leading to

--First Floor--

Front Flat - Bed sitting room, kitchen, shower room/WC, store

Rear Flat  - Bedroom, ensuite shower/WC, lounge/kitchen

--Second Floor--

Top flat  - lounge, kitchen, shower room/wc, bedroom

 

Outside - small yard / car park space to rear

(Floor area quoted for the shop is based on VOA floor areas. Interested parties should rely on their own measurement)

Tenancies

--Ground Floor--

T Lenton t/a 'Bake N Butty' 

5 year term from 30/9/2020      £  6600pa

--First Floor--

Front Flat - AST                       £  4500pa

Rear Flat  - AST                       £  4500pa

--Second Floor--

Top Flat   - AST                       £  4800pa

 

Total                                       £20400pa

Price

£210,000

VAT

It is understood that the property is not elected for VAT

EPC

Shop           D

Front Flat    D

Rear Flat     D

Top Flat       D

Further Enquiries

For further equiries please contact Mark Tromans t.01902 425646

Please note, and plans here are for identification purposes only and not intended to inditcate boundary

Subject To Contract

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Michael Tromans & Co is the trading name of Michael Tromans & Co LLP. Michael Tromans & Co LLP is a Limited Liability Partnership registered in England and Wales.
Registered Office: 6 Waterloo Rd, Wolverhampton, West Midlands WV1 4BL. Registered No. OC358112.

MISREPRESENTATION ACT 1967: Michael Tromans & Co. for itself and for the vendors or lessors of this property whose agents they are given notice that the particulars are a general outline only for the guidance of intending purchasers or lessees, and do not constitute an offer of contract. All descriptions and any other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. No employee of Michael Tromans & Co. has any authority to make or give any representation or warranty whatever in relation to this property.