113 Halesowen Road, Netherton, Dudley, DY2 9PY
Freehold Investment Opportunity For Sale
- A Freehold Mixed Use Investment
- Refurbished retail unit and 3 self-contained flats Current Gross Income: £22,104 pa.
- Freehold – offers over £300,000
LocationThe property occupies a prominent frontage to the northern side of the A459 Halesowen Road near to its junction with Crossley Street and Northfield Road. The property lies within a busy local parade with a good mix of retail uses within a largely well established residential neighbourhood.
The property comprises a three storey mid terrace of brick construction, surmounted by a pitched roof. The property is configured to provide a recently refurbished retail unit on the ground floor used as a barbers, with ancillary kitchen and WC facilities. To the side of the property there is a separate entrance for the residential accommodation, comprising Flat A - a duplex apartment accessed via an external stairway at the rear, the flat is split over the second and third floor and offers a kitchen, bathroom, living room and bedroom. Flat B - a ground floor one bedroom apartment. Flat C - a first floor studio apartment with separate kitchen and shower room. We have not inspected the living accommodation, as such the accommodation should not be relied upon.
PriceOffers overs £300,000.
TenancyThe retail unit is let by way of a lease expiring on 1/12/2024 at a current rent of £7,200 per annum.
Flat A let by way of an Assured Shorthold Tenancy, at a rental of £411 per calendar month - £4,932 per annum. Flat B let by way of an Assured Shorthold Tenancy, at a rental of £420 per calendar month - £5,040 per annum. Flat C let by way of an Assured Shorthold Tenancy, at a rental of £411 per calendar month - £4,932 per annum. Copies of the Lease and Tenancy Agreements will be available for inspection upon request.
The total combined income is £22,104 p.a .