Eamon House, 64 Stourbridge Road, Dudley, West Midlands, DY1 2DF

Freehold Residential Investment Property

Property details

Tenure Freehold, subject to the existing tenancies.
Price Offers based on £425,000
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  • 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

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.

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.
Freehold, subject to the existing tenancies.

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.
Offers based on £425,000 for the Freehold interest.
Available upon request.
Legal Costs
Each party is to be responsible for their own legal costs 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 tenant.
A director of Bond Wolfe has a vested interest in this property.