Bilston Street, Dudley
£280,000

Sold STC
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Substantial semi detached extended and extensively modernised Freehold investment interest currently producing £2040 pcm (£24,480 pa)
Divided into four independent commercial units on separate business tenancies plus one first floor flat on an AST. The property represents an excellent opportunity to acquire a regular income in excess of 8% gross yield. 

Mainly centrally heated and full double glazed accommodation  briefly comprises as follows


Unit One - Ground Floor Front Commercial

Comprising Reception Office/ Retail Area: 326 sqft (30.33 m2). Treatment Room: 96 sqft (8.9 m2) - with sink unit, basin wall cupboards. WC - with wash hand basin (H&C)

Unit Two - Lower Ground Floor Treatment Centre

Approached via the communal courtyard with stairs leading down to: Kitchen Area - With base cupboards, sink unit and door off to WC. Treatment Rooms 198sqft (18.39 m2) Having borrowed lighting, spot lights and central heating.

Unit Three - Rear Ground Floor Offices

A modern single story extension, having a gross internal floor area of 429 sqft (39.85m2). With good natural lighting, gas central heating, fitted kitchen, disabled toilet facility and useful sized admin office.

Unit Four - Rear Detached Workshop

A modern building with good natural lighting, electric heating, small kitchenette and separate WC. 153 sqft (14.21 m2) gross internal area.

First Floor Flat

Approached via a joint rear lobby and private access stairs leading up to: Reception Landing, Lounge/Kitchen area with fitted units, large double bedroom, rear utility corridor leading to bathroom with WC and shower.

Outside

The property stands at back of foot path with tunnel entry leading to the communal courtyard with shared bin storage and large security cupboard. Extensive CCTV cameras provide both security and access via an electronic gate to the majority of the units.

Tenancy Agreements

Unit One: Two year lease from 1.09.2020 £520.00 pcm Unit Two: One year lease from 01.09.2020 £420.00 pcm Unit Three: One year lease from 01.05.2021 £400.00 pcm Unit Four: One year lease from 06.09.2020 £250.00 pcm First Floor Flat: 12 month AST from 01.09.2020 £450.00 pcm Total Rent: £2,040.00 pcm (£24,480 pa).

Services

Mains Electricity (including 3 phase supply), Gas, Water and Drainage are available on separate metres to the individual properties.

Business Rates & Council Tax

Separately assessed for each individual unit and payable by the occupier.

Tenure

Freehold subject to the existing tenancy agreements.

Viewing

Strictly by appointment only through Messer GC Skitt & Co (commercial) Tele: 01902 353578 Email: bilston@skitts.net

Important Notice

GC Skitt & Co, their clients and any joint agents give notice that: 1. They have no authority to make give any representational warranties in relation to the property or the fixtures and fittings. These particulars do not for part or any offer or contract and must not be relied upon as statements or representations of fact. 2. Any ares, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all the necessary planning, building regulations or other consents and no tests have been carried out on any of the main services, equipment or facilities. An intending tenant must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. Photographs are produced for general information and must not be inferred that any items shown are included in the lease.


Bilston Street
Dudley DY3 1JF
County: West Midlands
Sale Type: Sold STC
Ref #: BL000862
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