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COMMERCIAL

High Street, DUDLEY, West Midlands

Offers in Region of
£2,000,000
Billingham & Co Estate Agents, Dudley
PROPERTY TYPE

Commercial Property

SIZE

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Description

A SUBSTANTIAL COUTYARD DEVELOPMENT, Known as 'Northgate House', comprising of a mix of 38 Residential bedsits, several Retail units, and a variety of Office and other Commercial users, benefitting from gated parking and a TOWN centre location fronting TWO MAIN ROADS, the High Street (84-90) and King Street (74). There is a second retail/residential investment at 81-82 High Street and a further vacant plot to the side of Northgate Tower which could be developed into a further retail/residential unit (subject to planning). There is HUGE potential for a variety of alternative uses or re-development (subject to planning). The current potential income of this Mixed Portfolio Investment is in the region of £244,000 p.a. Scope to increase value/occupancy levels. Contact the agent for further information on 01384 234900.

Accommodation/Units
Northgate House and the two retail units a few doors away form a substantial mixed development investment portfolio of; retail, office, commercial and residential uses. The main breakdown is as follows.

Within the main development there are SIX retail/commercial units fronting the main High Street. A central gated vehicle access provides access to a central courtyard area with parking spaces for several vehicles and access to the remaining units. The development is laid out in a square with a variety of office accommodation to either side with former gym premises to the first floor above fronting the main road. There is an external staircase to the rear of the courtyard providing access to the residential block which contains circa 38 residential bedsits.

The main building stretches back and benefits from having commercial premises fronting onto King Street.

There is a strip of land to the left hand side of the main building, if viewed from the High Street, which could be developed (subject to obtaining planning consent from the local authority) for a further retail unit with accommodation above.

80-81 High Street are a pair of retail shops situated a few doors away from the main building having residential accommodation above with a pedestrian courtyard access from the High Street.

The Vendor may, subject to negotiation, may be prepared to potential split the investment portfolio into two separate sales as there are two sites which are indicated on the attached Ariel view plan (outlined in red).

Planning
All prospective purchasers should make their own enquiries to the relevant local authority (Dudley Council) as to the existing and proposed intended uses for the site. The size of this development would lend itself to a variety of uses such as care home, college, community centre, residential to name but a few (subject to obtaining the correct consent for usage via the relevant authorities).

Tenure
We believe that the main buildings are offered for sale Freehold. The purchase would be subject to the various leases and residential tenancies which are in place. All prospective purchasers are advised to clarify, via their legal representative, that they are happy with the current status and terms of the current leases and tenancies that are in place prior to proceeding to purchase.

Legal Costs
Each party is to be responsible for their own legal costs incurred in the purchase of the property. All prices quoted are exclusive and subject to VAT at the prevailing rate.

High Street, DUDLEY, West Midlands

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Tipton Station1.8 miles
  • Dudley Port Station2.0 miles
  • Coseley Station2.6 miles

About the agent

Billingham & Co Estate Agents, Dudley

Billingham & Co King Charles House, 2 Castle Hill, Dudley, DY1 4PS

Billingham & Co Estate Agents, Dudley

Billingham & Co are a leading independent estate agency specialising in Residential Sales, Lettings and Property Management. Our branch network covers the West Midlands and villages in South Staffordshire and North Worcestershire.

We pride ourselves on our professional and proactive approach to marketing property. We couple this with the use of the latest technology to deliver a first class Residential Sales and Lettings service to our clients.

Our business is built on reputation

More properties from this agent

Industry affiliations

Property Redress SchemeNational Association of Estate AgentsAssociation of Residential Letting Agents

Notes

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Disclaimer - Property reference 3258680. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Billingham & Co Estate Agents, Dudley. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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