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 Nine Flats (Subject to Obtaining all Relevant Consents). (14.2% Yield on the Guide Price).

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

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.

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).

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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.