Freehold Retail and Office Investment
Freehold Retail and Office Investment
Dudley is an important commercial and residential centre in the West Midlands, 6 miles south-east of Wolverhampton, 11 miles north-west of Birmingham and 30 miles north of Worcester. The town benefits from good road communications, being located near the A4036, A4123 and 3 miles west of the M5. The property is located in the town centre on High Street, opposite its junction with Stone Street. Occupiers nearby include Wilko, Shipleys Amusements, Co-operative, Barclays, HSBC, Nationwide and Ryman.
Freehold.
Dudley is an important commercial and residential centre in the West Midlands, 6 miles south-east of Wolverhampton, 11 miles north-west of Birmingham and 30 miles north of Worcester. The town benefits from good road communications, being located near the A4036, A4123 and 3 miles west of the M5. The property is located in the town centre on High Street, opposite its junction with Stone Street. Occupiers nearby include Wilko, Shipleys Amusements, Co-operative, Barclays, HSBC, Nationwide and Ryman.
Freehold.
The property comprises a ground floor shop with self-contained first and second floor offices above. Access to the upper floors is via High Street.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor shop with self-contained first and second floor offices above. Access to the upper floors is via High Street.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 154 sq m |
(1,658 sq ft) |
BARNARDO’S (2) | 10 years from 2018 (1) |
£17,000 (1) | 2023 |
| First Second |
Offices Offices |
80 sq m 88 sq m |
(861 sq ft) (947 sq ft) |
BSL ASSIST LIMITED with personal guarantee (3) |
3 years from 25/09/2017 (4) |
£6,250 | |
| Total | 322 sq m |
(3,466 sq ft) |
£23,250 (1) | ||||
(1) Terms for a 10 year lease at £17,000 per annum with an option to determine in the 5th year have been agreed and are currently in solicitors hands, due to complete imminently. The tenant will have a 12 month rent free period. The Seller will adjust completion monies so that the unit effectively produces £17,000 per annum from completion of the sale.
(2) Barnado’s has over 10,000 volunteers in its 700 shops (Source : www.barnardos.org.uk).
(3) BSL-Assist was established with the aim of providing employment service, advice and guidance to the deaf and hard of hearing community (Source : www.bsl-assist-co-uk).
(4) Tenant’s option to determine at any time after the first year upon 3 months’ notice.
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