Land and Buildings at, Dudley Road, Lye, Stourbridge, DY9 8DU

Location

The site is situated on the main A4036 Dudley Road, approximately 0.25 mile from the Lye junction with the A458 Stourbridge Road. Lye Railway Station is 0.5 mile to the south and the motorway network is accessible via M5 Junction 3 which is approximately 4 miles away.

Description

The site comprises a 0.5 acre (approx.) site incorporating two self-contained units set back from the main road and car park. The site offers good potential for a number of uses (subject to planning consent) including industrial, roadside retail/drive through and residential. Indicative plans have previously been drawn up for the development of seven houses. The two units are currently let out receiving a total of £25,000 per annum, although tenancies expire in October, when the site is expected to be vacant and therefore lend itself to redevelopment.

Accommodation

Unit 1: 3,256 sq ft, Yard 3,571 sq ft (Total 6,827 sq ft)
Unit 2: 807 sq. ft, Yard 5,204 sq ft (Total 6,011 sq ft)

Price

Offers in excess of £600,000 are sought for the freehold interest.

Tenancy

Unit 1: Tenanted at £15,000 PA expiring 19/08/22
Unit 2: Tenanted at £10,000 PA expiring 01/07/22

VAT

VAT may or may not be applicable. Purchasers should satisfy themselves in this regard.

Services

We have been informed that all mains services are connected to the site, but prospective purchasers should still make their own independent enquiries as to the suitability of the services for their particular requirement.

EPC

Available upon request.

Legal Costs

Each party are to be responsible for their own legal costs incurred in this transaction.

Anti Money Laundering

In accordance with Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.