Lot 52A
    Office
    46 High Street
    Dudley, West Midlands, DY1 1PN
    £350,000+
    Guide Price (plus fees)
    Number 1
    A Substantial Mid Terrace Building Arranged to Provide a Lower Ground and Ground Floor Shop, and First and Second Floor Office Space Fully Let to CEX Ltd and Barclays Bank PLC Producing a Combined £50,000 Per Annum. There is also Vacant Land to the Rear of the Property with Further Potential (STPP). Plans have been Drawn Up for the First and Second Floors to be Converted into Eight Flats (Subject to Obtaining all Relevant Consents). (14.2% Yield on the Guide Price).

    Description

    The property comprises a mid terrace commercial building arranged to provide a lower ground, and ground floor retail unit, and first and second floor office space. G.I.A: 8,914 Sq Ft

    Tenure

    Freehold

    Location

    The property is situated in Dudley city centre close to local shops and amenities. Nearby multiples include B&M, Costa Coffee and Santander. Transport links are provided by Tipton rail station.

    Accommodation

    Lower Ground Floor
    Basement -G.I.A Approximately 174 sq m (1,877 sq ft)
    Ground Floor
    Retail Unit -G.I.A Approximately 301 sq m (3,244 sq ft)
    First Floor
    Office Space -G.I.A Approximately 167 sq m (1,801 sq ft)
    Second Floor
    Office Space -G.I.A Approximately 185 sq m (1,992 sq ft)

    Exterior

    The property benefits from land to the rear.

    Tenancy

    The lower ground and ground floor shop are let on an FRI lease let to CEX Limited for 10 years from 27/11/2024 at a rent of £30,000 per annum.

    The uppers are let on an FRI lease to Barclays Bank PLC for 20 years from 29/09/1988 at a rent of £20,000 per annum. (Holding Over).

    EPC Rating

    D
    Viewing Appointments to be Confirmed - Video Walkthrough Available
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    46 High Street, Dudley, West Midlands, DY1 1PN
    LOT 52A
    Guide Price: £350,000+
    OfficeFreehold
    46 High Street, Dudley, West Midlands, DY1 1PN
    A Substantial Mid Terrace Building Arranged to Provide a Lower Ground and Ground Floor Shop, and First and Second Floor Office Space Fully Let to CEX Ltd and Barclays Bank PLC Producing a Combined £50,000 Per Annum. There is also Vacant Land to the Rear of the Property with Further Potential (STPP). Plans have been Drawn Up for the First and Second Floors to be Converted into Eight Flats (Subject to Obtaining all Relevant Consents). (14.2% Yield on the Guide Price).
    Viewing Appointments to be Confirmed - Video Walkthrough Available

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