Viewing: 01384 397797
Freehold Investment For Sale & Refurbished Offices To Let
LOCATION The property is situated in a convenient location on the South side of Stourbridge town centre and in a highly prominent location on the ring road. The property also has excellent access links to the Black Country and motorway system. New Road offers an excellent location as all necessary facilities i.e. shops, schools and public transport links are within close proximity.
DESCRIPTION The property comprises an imposing Grade II listed period self contained end terrace office building with on site car parking and internally set out in a number of smaller and large office areas with kitchen and extensive basement storage. The offices are newly refurbished and partially let and available in single or multiple offices - see attached schedule. The building has its own private car park to the rear accessed from the Ring Road.
AVAILABILITY Offices are available to let on short term tenancies at rentals from £150 pcm to include lighting, heating, insurance and other communal costs. The Tenant will be responsible for Business Rates.
PRICE Offers sought of £280,000 SUBJECT TO CONTRACT
TENANCIES The property is subject to tenancies as shown on the attached schedule and current rental income equates to £19,620 per annum exclusive with a potential additional income of £20,000 per annum exclusive.
BUSINESS RATES The offices are individually assessed for Business Rates. Prospective purchasers / tenants are advised to confirm the rates liability with the local rating authority.
LEGAL COSTS Each party to be responsible for all of their own costs.
VAT We understand VAT will not be payable on the purchase price or rentals.
Dudley Metropolitan Borough Council
Council House,Priory Road,
Dudley, DY1 1HF
Tel 01384 81 81 81 www.dudley.gov.uk
FIXTURE AND FITTINGS The property is to be sold / let as seen, all occupiers fixtures, fittings and furniture are excluded from the sale.
VIEWING Strictly via sole agents on 01384 392 371
VAT is not levied on the purchase price or rentals
The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify they are in working order or fit for their purpose. The tenant is advised to obtain verification from their solicitor or surveyor.
The successful purchaser will need to provide either a satisfactory bank reference and / or two trade references for approval.
The successful purchaser will be required to submit proof of identity, in accordance with money laundering regulations.
Fixtures & Fittings
Any fixtures and fittings not expressly mentioned within these particulars are excluded from the transaction.
Areas & Dimensions
All areas and dimensions are deemed to be approximate only.