Commercial Property for sale

Mill Street, Brierley Hill, West Midlands, DY5

Sold STC £230,000

Property Description

Full description

LOCATION
The premises are located on the busy main road between Stourbridge and Brierley Hill and The Merry Hill Centre. Good access is afforded to the Midlands Motorway
Network.

DESCRIPTION
An excellent opportunity to acquire a mixed use
commercial and residential Investment.

The premises run along Mill Street and consist of three fully tenanted first floor flats, below which are three part-tenanted retail units with one currently vacant.

The two commercial premises currently produce a gross annual rental of 10,250, with one vacant that will realise another circa 4000 p/a.

The first floor residential flats produce an annual rental income of 11,400

Potential total rent roll of circa 26,000 per annum, representing a gross potential yield of circa 10.8%

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

Purchase Price

230,000


Further information is available from the agent, on request.

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


VAT
There is no VAT payable on the purchase price.


PLANNING-ground floor
Under the Town and Country Planning (Use Classes) Order 1987 and subsequent amendments the premises 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 (1.5 mi)
  • Cradley Heath (1.5 mi)
  • Stourbridge Town (2.0 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 (1.5 mi)
  • Cradley Heath (1.5 mi)
  • Stourbridge Town (2.0 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 MillStreet. 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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