Eamon House, 64 Stourbridge Road, Dudley, West Midlands, DY1 2DF
Freehold Residential Investment Property
Under offer
Features
- Freehold fully let residential investment opportunity
- Converted block of 1 x 2 bedroom and 4 x 1 bedroom flats
- Potential for further development
- Total annual income - £30,060 per annum
Location
The property occupies a prominent corner position at the junction with Bull Street on the main A4101 Stourbridge Road, approximately 1 mile southwest of Dudley Town Centre. The property lies within easy access of Merry Hill Shopping Centre, Russell's Hall Hospital, and junction 2 of the M5 motorway.Description
The property comprises a two storey conversion of 5 self-contained apartments, with car parking at the rear. There is scope to develop additional apartments in the loft space and to the rear of the property (subject to obtaining planning consent). The accommodation consists of a two bedroom apartment to the ground floor and a further four one bedroom apartments. Each of the apartments benefits from Kitchen and Bathrooms.
Price
Offers based on £425,000 for the Freehold interest.Tenancy
TENANY DETAILS -The properties are all let on Assured Shortheld Tenancies as follows: -
Flat 1 - £500pcm
Flat 2 - £490 pcm
Flat 3 - £555pcm
Flat 4 - £500 pcm
Flat 5 - £460 pcm
Total Rent: £2,505 per calendar month / £30,060 per annum.
