46 High Street, Dudley, West Midlands, DY1 1PN
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Description
**For Sale By Public Auction 28th May 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**
A Substantial Mid Terrace Building Arranged to Provide a Lower Ground and Ground Floor Shop, and First and Second Floor Office Space Fully Let to CEX Ltd and Barclays Bank PLC Producing a Combined £50,000 Per Annum. There is also Vacant Land to the Rear of the Property with Further Potential (STPP). Plans have been Drawn Up for the First and Second Floors to be Converted into Eight Flats (Subject to Obtaining all Relevant Consents). (14.2% Yield on the Guide Price).
Tenure
Freehold
Location
The property is situated in Dudley city centre close to local shops and amenities. Nearby multiples include B&M, Costa Coffee and Santander. Transport links are provided by Tipton rail station.
Description
The property comprises a mid terrace commercial building arranged to provide a lower ground, and ground floor retail unit, and first and second floor office space. G.I.A: 8,914 Sq Ft
Accommodation
Lower Ground Floor
Basement -G.I.A Approximately 174 sq m (1,877 sq ft)
Ground Floor
Retail Unit -G.I.A Approximately 301 sq m (3,244 sq ft)
First Floor
Office Space -G.I.A Approximately 167 sq m (1,801 sq ft)
Second Floor
Office Space -G.I.A Approximately 185 sq m (1,992 sq ft)
Exterior
The property benefits from land to the rear.
Tenancy
The lower ground and ground floor shop are let on an FRI lease let to CEX Limited for 10 years from 27/11/2024 at a rent of £30,000 per annum.
The uppers are let on an FRI lease to Barclays Bank PLC for 20 years from 29/09/1988 at a rent of £20,000 per annum. (Holding Over).
EPC Rating
D
Viewing Appointments to be Confirmed - Video Walkthrough Available
Brochures
46 High Street, Dudley, West Midlands, DY1 1PN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Tipton Station1.6 miles
- Dudley Port Station1.8 miles
- Coseley Station2.4 miles
Notes
Disclaimer - Property reference 293191. 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 Auction House London, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House London, London on 020 7870 6217.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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