*Guide | £400,000 - £500,000 (plus fees)
- Office
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
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 £55,000 Per Annum. Plans have also been Drawn Up for the First and Second Floors to be Converted into Nine Flats (Subject to Obtaining all Relevant Consents).
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
8 Week Completion Available
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) VAT is Applicable
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 until 26 April 2027 at a rent of £25,000 per annum. The tenant has been in occupation for over 30 years and have recently renewed their lease. We understand from the vendor that Barclays Bank PLC are investing over £70,000 into the roof of the building. A copy of the license of alterations will be available within the pack. We also understand from the vendor that tenant have verbally advised that they intend to renew the lease upon expiry matching up the dates with the next door property that they also rent so they can renew on the same date. Buyers should rely on their own enquiries.
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.
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 £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
