Viewing: 01384 397797
INVESTMENT RETAIL / RESIDENTIAL PROPERTY
Current Income £12,900 per annum exclusive.
The property is located in a prominent position on Louise Street in Gornal some 2.76 miles form Dudley Town Centre. The property has a good frontage to the street with on road car parking and access to the flat from a separate door.
PLEASE NOTE THE PRIMARY IMAGE HAS NOT YET BEEN UPDATED.
The property is a substantial and attractive building arranged over two floors with a large rear garden area. The property is subdivided into a well proportioned and well fitted retail unit and a two bedroom flat to the first floor, all self contained.
SHOP Legion Juice Ltd LET £7200 PA
FIRST FLOOR Two bedroom flat LET £475 PCM
The shop is let on a short term lease and the flat on an Assured Shorthold Tenancy.
Offers in the region of £155,000 subject to contract.
The property has existing use as retail with residential.
Prospective purchasers should satisfy themselves as to both the existing and intended uses of the property with Planning Authority - Dudley Metropolitan Borough Council
BUSINESS RATES & COUNCIL TAX
Tenants are responsible for business rates and council tax and the Purchaser is advised to confirm their rates liability with the local rating authority. The rateable value of the shop is £5400 (April 2017).
Each party will responsible for all their own costs in respect of this transaction.
VAT is not payable on the purchase.
FIXTURE AND FITTINGS
The property is to be sold as seen.
Strictly by appointment with the Agents on 01384 397 797.
VAT maybe levied on the purchase price / rentals or other outgoings
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 tenant 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.
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