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Four-bedroom mixed-use investment with retail unit
Dudley, DY1 - Get Access
4 bed
2 bath
Description
A vacant freehold spacious retail/showroom unit and two recently refurbished self-contained two-bedroom flats, close to the town centre, considered suitable for a variety of retail uses subject to any necessary planning permission. The property comprises a spacious three-storey mid-terraced building which has been extended at ground floor level. The ground floor offers a large retail/showroom area previously used for furniture sales with ancillary storage, extending to approximately 1,646 sq. ft (152.9 sq. m). The upper floors have a separate front door entrance and feature two self-contained, recently refurbished, centrally heated flats. Flat 1 on the first floor comprises two bedrooms, a lounge, a bathroom, and a kitchen. Flat 2 on the second floor comprises two bedrooms, a lounge, a bathroom, and a kitchen. The property is considered suitable for a variety of alternative uses subject to any necessary planning permission and presents an ideal mixed-use investment opportunity. The property occupies a prominent frontage to the B4176, Wolverhampton Street, opposite its junction with Charlton Street. Standing within a parade of similar properties and just a short distance from the main Dudley town centre, there is a mix of retail, commercial, and residential uses within the immediate vicinity, offering an excellent catchment area for trade. The location is well served by local pay and display car parking. Tenure: Freehold with vacant possession upon completion. Estimated full rental value is in the order of £28,000 per annum assuming both flats and the retail space are fully let. Council Tax Band: Flat 1 - A, Flat 2 - A.