Retail Property (high street) for sale

High Street, Lye, West Midlands, DY9

£250,000

Property Description

Full description

INVESTMENT OPPORTUNITY

The premises are located on the busy and popular Lye High Street with its associated high level of foot flow. The premises are close by to the Merry Hill Shopping Centre and well situated between the towns of Stourbridge and Halesowen.

The ground floor, large retail premises produce a gross annual rental of 16000.

The first floor two bedroom flat currently let on an
assured shorthold tenancy produces 4500 per annum.

The first floor one bedroom flat is currently being
Renovated and is anticipated to produce a rent of circa 4250 per annum.

Total Potential annual income circa 24,750

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

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.

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 Junction (1.0 mi)
  • Stourbridge Town (1.1 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 Junction (1.0 mi)
  • Stourbridge Town (1.1 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.

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