Corbett House, Piper Place, Amblecote, Dudley, DY8 4DF

14-Bed former HMO For Sale

Property details

Type Investment
Tenure Freehold.
Price Offers in the region of £595,000
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Features
  • Freehold former 14-bed HMO
  • Private residential location in Stourbridge
  • Ideal for a variety of uses, subject to planning consent
  • Freehold - £595,000
Location
Situated in Amblecote, Stourbridge, this development is conveniently placed for local amenities in nearby Wollaston and Stourbridge Town. Amblecote enjoys a wealth of local shops, supermarkets and local amenities, and has good public transport links into Stourbridge town centre and further afield. Stourbridge town centre boasts a wealth of shops, bars and restaurants, whilst the commuter is well served by both train and bus links. In addition, there are excellent road networks providing access to Halesowen, Dudley, Birmingham and Wolverhampton. There are a number of outstanding schools at both junior and senior levels, and highly regarded colleges providing further education provision.
Description

Previously functioning as a care home, and more recently as a 14-bedroom HMO, Corbett House is a development offering an array of opportunities. Whilst it could continue to operate as a HMO - or revert back to care home use - the building also offers ample chance to convert the existing rooms into self-contained studios. As a result, Corbett House makes an ideal investment/development purchase.

Accommodation
Corbett House is spread across 3 floors and boasts 14 bedrooms in total; 11 with shared facilities and 3 en-suite rooms. The communal areas consist of 3 shared kitchens, 3 shared bathrooms, as well as a further two lounges.
Price
£595,000 is sought for the freehold interest.
VAT
VAT may or may not be applicable. Purchasers should satisfy themselves in this regard.
EPC
Available upon request.
Legal Costs
Each party are to responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.