Commercial Property for sale

PERIOD OFFICE INVESTMENT, Haywood House, 40 New Road, Stourbridge

£260,000

Property Description

Key features

  • PRIME FREEHOLD PROPERTY
  • INCOME PRODUCING
  • PERIOD AND GRADE II LISTED
  • REDEVELOPMENT POTENTIAL
  • GOOD CONDITION
  • HIGH PROFILE LOCATION

Full description

Tenure: Freehold

PRIME FREEHOLD INVESTMENT or REDEVELOPMENT - PERIOD GRADE II LISTED BUILDING FOR SALE - Offers based on £260,000 SUBJECT TO CONTRACT ONLY

Approximate current annual gross income £19,800 exc rising to approximately £32,420 gross when let.

LOCATION
The property is situated in a convenient location on the South side of Stourbridge town centre and in a highly prominent location on the ring road. The property also has excellent access links to Kidderminster and other neighbouring areas. New Road offers an excellent location as all necessary facilities i.e. shops, schools and public transport links are within close proximity.

DESCRIPTION
The property comprises an imposing Grade II listed period self contained end terrace office building with on site car parking and internally set out in a number of smaller and large office areas with kitchen and extensive basement storage. The offices are in excellent condition and partially let and available in single or multiple offices - see attached schedule. The building has its own private car park to the rear accessed form the Ring Road.

PRICE
Offers sought of £260,000 SUBJECT TO CONTRACT

TENANCIES
The property is subject to tenancies as shown on the attached schedule and current rental income equates to £19,620 per annum exclusive with a potential additional income of £13,800 per annum exclusive - producing a potential income of £32,420 when fully let.

BUSINESS RATES
The office are individually assessed for business rates. Prospective purchasers are advised to confirm the rates liability with the local rating authority.

LEGAL COSTS
Each party to be responsible for all of their own costs n this transaction.

VAT
We understand VAT will not be payable on the purchase price.

LOCAL AUTHORITY
Dudley Metropolitan Borough Council
Council House,Priory Road,
Dudley, DY1 1HF
Tel 01384 81 81 81 www.dudley.gov.uk

FIXTURE AND FITTINGS
The property is to be sold as seen, all occupiers fixtures, fittings and furniture are excluded from the sale.

VIEWING
Strictly via sole agents on 01384 392 371

EPC’S
Full EPC report is available

VAT
VAT is not levied on the purchase price or rentals
Services
The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify they are in working order or fit for their purpose. The tenant is advised to obtain verification from their solicitor or surveyor.
References
The successful purchaser will need to provide either a satisfactory bank reference and / or two trade references for approval.
Money Laundering
The successful purchaser will be required to submit proof of identity, in accordance with money laundering regulations.
Fixtures & Fittings
Any fixtures and fittings not expressly mentioned within these particulars are excluded from the transaction.
Areas & Dimensions
All areas and dimensions are deemed to be approximate only.




Property ref: 121_1560_4086370

More information from this agent

Nearest stations

  • Stourbridge Town (0.2 mi)
  • Stourbridge Junction (0.7 mi)
  • Lye (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Walton & Hipkiss, Stourbridge - Commercial

Hagley Road, Stourbridge, DY8 1QH

01384 737039 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

  • Stourbridge Town (0.2 mi)
  • Stourbridge Junction (0.7 mi)
  • Lye (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Walton & Hipkiss, Stourbridge - Commercial

Hagley Road, Stourbridge, DY8 1QH

01384 737039 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 4086370. 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 Walton & Hipkiss, Stourbridge - Commercial. 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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