Two Industrial Units Part Let Producing £12,960 Per Annum. Estimated Rental Value if Fully Let is £30,000 Per Annum (Reflecting a Gross Initial Yield of 15%)
The property comprises two vacant industrial units situated within a terraced building arranged over the ground floor.
Tenure
Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Kinver Street Play Park are within easy reach. Transport links are provided by Stourbridge Town rail station.
Accommodation
Ground Floor Unit 4 Industrial Area G.I.A. Approximately 754 sq ft Unit 4A Industrial Area G.I.A. Approximately 1,596 sq ft
Tenancy
Unit 4 is subject to a lease at a rent of £1,080 per calendar month.
VAT
VAT is applicable
Energy Efficiency Rating (EPC)
Current Rating B
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.