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66-67 High Street, Dudley, DY1 1PY.

Offers in the Region of £600,000

About this property

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.

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.

TENURE

We are advised that the property is available Freehold.

MONEY LAUNDERING

In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful Purchaser.

VAT

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

EPC

Available upon request.

MONEY LAUNDERING

In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful Purchaser.

Key Features

  • Prominent High Street location.
  • 9,224 Sq. Ft.
  • Currently producing £50,000 per annum.
  • Ground floor let until 2036 to The Post Office (franchise).
  • 5 fully let high quality flats above.

Next Steps