Retail Property (high street) for sale

Dudley Road, Stourbridge, West Midlands, DY9

£665,000

Property Description

Full description

LOCATION
The parade of 3 retail outlets are is very well situated on a very busy vehicular thoroughfare, being on a direct route from the M5 motorway to the Merry Hill Shopping Centre.

DESCRIPTION
An excellent opportunity to acquire three commercial premises as an investment. Superb return of circa 9%


The three commercial premises currently produce a gross annual rental of 57,500.

Unit 1 Iced Jemms 20,000 per annum

Unit 2 Vape HQ 12,000 per annum

Unit 3 Subway Retail 23,000 per annum

Purchase Price

655,000


COSTS:
Each side to bear their own legal costs, and all other professional costs incurred in the transaction, together with any Vat which may be payable

Tenure:
We are advised that the premises are freehold,
however we have not verified this.

VAT
There is VAT payable on the purchase price.


PLANNING-ground floor
Under the Town and Country Planning (Use Classes) Order 1987 and subsequent amendments the shops benefit A1 use.

VIEWING/Further Information
Via appointment only with the Agents Lex Allan Commercial 01384 374888

ANTI-MONEY LAUNDERING As of 1st March 2004 we are required by HM Customs & Excise to verify the identity of all Vendors and Purchasers. Should you wish to proceed with the purchase of this, or any other premises, two forms of identification will be required. Further information available from the Agent.


Nearest stations

  • Lye (0.2 mi)
  • Stourbridge Town (1.2 mi)
  • Stourbridge Junction (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lex Allan, Commercial - Stourbridge

The Auction House 87/88 St. Johns Road, Stourbridge, DY8 1EH

01384 737018 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Lye (0.2 mi)
  • Stourbridge Town (1.2 mi)
  • Stourbridge Junction (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lex Allan, Commercial - Stourbridge

The Auction House 87/88 St. Johns Road, Stourbridge, DY8 1EH

01384 737018 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference DUDLEYROADINV. 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 Lex Allan, Commercial - Stourbridge. 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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