For Sale By Auction | 12.00, 31 July 2019 | Lot 51

244 Castle Street, Dudley, West Midlands, DY1 1LQ

*Guide | £480,000+ (plus fees)

  • Flat
  • 12 Bedrooms
  • Tenure: Long Leasehold. The property is held on a 999 year lease from 29th September 2014 (thus approximately 994 years unexpired).

Call the team on 020 7625 9007 for more information

Auction Date

Wed 31/07/2019

Auction Time

12.00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

Viewing Times:

Wed 24 Jul

12:00-13:00

Sat 27 Jul

12:00-13:00

Tue 30 Jul

17:30-18:30

A Recently Developed Spacious Investment Opportunity Comprising the First & Second Floors of a Substantial Corner Building Arranged as 7 Ensuite HMO Rooms on the First Floor and 5 Self Contained Studio Apartments on the Second Floor. Currently Producing a Combined Income of £53,940 Per Annum with Two Units Vacant. Estimated Rental Value when Fully Let is £64,140 Per Annum.

Tenure

Long Leasehold. The property is held on a 999 year lease from 29th September 2014 (thus approximately 994 years unexpired).

Location

The property occupies a prominent corner position in Dudley Town Centre at the junction of Castle Street and New Street. The development is a minute walk from Dudley Central Bus Station. Rail links are provided by Dudley Port and Sandwell and Dudley stations. The open spaces of Coronation Gardens & Dudley Zoological Gardens are within easy reach.

Accommodation

First Floor Seven Ensuite Bedrooms, Communal Reception, Kitchen & Dining Rooms Room 1 Let for £475 pcm Room 2 Let for £400 pcm Room 3 Let for £425 pcm Room 4 Vacant (ERV £400 pcm) Room 5 Let for £470 pcm Room 6 Let for £450 pcm Room 7 Let for £475 pcm Second Floor Five Self Contained Studio Apartments Studio 1 Let for £475 pcm Studio 2 Let for £475 pcm Studio 3 Let for £425 pcm Studio 4 Let for £425 pcm Studio 5 Vacant (ERV £450 pcm)

Current Rent Reserved

Combined Current Rent £4,495 per calendar month with two units currently vacant.

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 £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.