Property for Auction in London - [Print Version]

Auction Date:

Wed 28/05/2025

Start Time

09:30

Property Type:

Other

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. <b>G.I.A: 8,914 Sq Ft</b>

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

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).

The property has not been inspected by Auction House London. All information has been supplied by the vendor.

Tenure

Freehold

Location Map