Retail Property (high street) for sale

High Street, Dudley, West Midlands, DY1

Under Offer £600,000
9,224 sq. ft.

Property Description

Commercial information

  • 9,224 sq ft (856 sq m)

Key features

  • Prominent High Street location.
  • Currently producing 50,000 per annum
  • Ground floor let until 2036 to The Post Office (franchise).
  • 5 fully let high quality flats above.

Full description

Tenure: Freehold

DESCRIPTION
In total the property extends to 9,224 sq. ft. split between retail space on the ground floor and high quality residential flats on the upper three floors.
The property comprises a ground floor retail shop let on an 18 year lease to The Post Office for an annual rent of 22,000 with a break clause in 2021 and rent reviews every three years. In total the ground floor extends to 3,260 sq. ft.
The first, second and third floor includes 5 high quality flats, fully let, producing 28,000 per annum.

TENURE
We are advised that the property is available Freehold.

VAT
All prices and figures are quoted exclusive of any VAT that may be applicable.

PRICE
The freehold is available for a quoted price of 600,000.

EPC
Available upon request

LOCATION
Dudley is a large town in the West Midlands, 6 miles south-east of Wolverhampton and 10.5 miles north-west of Birmingham via the A41 Black Country New Road and Junction 2 of the M5 Motorway.
The property occupies a prominent location on the High Street with high passing foot fall and a number of nearby notable retailers.


More information from this agent

Nearest stations

  • Tipton (1.7 mi)
  • Dudley Port (1.9 mi)
  • Coseley (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 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

  • Tipton (1.7 mi)
  • Dudley Port (1.9 mi)
  • Coseley (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 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.

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