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MapOffers in excess of
£500,000 | 2,813 sq ftMixed use for sale
34 High Street, Sedgley, Dudley, DY3 1RN
Under offer
Mixed use
2,813 sq ft / 261 sq m
Features and description
- Tenure: Freehold
- Offers in Excess of £500,000
- Rear Car Parking
- Newly Constructed
- Estimated Rental of £47,100 PA
- 4 x Residential Units
- 1 x Retail Unit
Description
The property comprises of a three-storey building of traditional masonry construction with a pitched tiled roof over.
The building comprises of a mixed-use new build development consisting of a ground floor, double-fronted retail premises and four residential apartments at 1st and 2nd floor levels.
The retail premises is double fronted and provides open plan retail accommodation with glazed façade and pedestrian entry from the high street with kitchen, WC and ancillary space to the rear. Further benefits include roller shutter security doors and three phase electricity.
The residential accommodation is accessed via a walkway to the rear and inner stairwell providing access to the first and second floor accommodation.
There are two, one bedroom and two, two bedroom flats all of which are well appointed with modern kitchen and bathroom fittings.
The property provides an estimated rental income of £47,100 per annum, providing a gross yield of approximately 9.4% at the quoting price.
Externally there are two banked car parking spaces to the rear, accessed via Bilston Street.
Location
The building is located on High Street in Sedgley, close to its intersection with Bilston Street.
Sedgley is located in the Dudley Metropolitan Borough and is located approximately 11 miles north west of Birmingham city centre.
Sedgley is located equidistant from Wolverhampton City centre and Dudley town centre, which are both located approximately 3 miles distant.
The national motorway network is located 6 miles away at junction 10 of the M42. The nearby location is a mix of residential and commercial, with local and national occupiers including a new Aldi store opposite.
Services
We understand that the premises benefit from mains electricity, water and foul drainage.
The agent has not tested the suitability of the connections and recommends that all interested parties carry out their own investigations.
EPCs
Available upon request from the agent.
What3words
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Anti-Money Laundering
The successful purchaser will be required to provided two forms of ID and proof / source of funding to satisfy Anti-Money Laundering protocols.
The property comprises of a three-storey building of traditional masonry construction with a pitched tiled roof over.
The building comprises of a mixed-use new build development consisting of a ground floor, double-fronted retail premises and four residential apartments at 1st and 2nd floor levels.
The retail premises is double fronted and provides open plan retail accommodation with glazed façade and pedestrian entry from the high street with kitchen, WC and ancillary space to the rear. Further benefits include roller shutter security doors and three phase electricity.
The residential accommodation is accessed via a walkway to the rear and inner stairwell providing access to the first and second floor accommodation.
There are two, one bedroom and two, two bedroom flats all of which are well appointed with modern kitchen and bathroom fittings.
The property provides an estimated rental income of £47,100 per annum, providing a gross yield of approximately 9.4% at the quoting price.
Externally there are two banked car parking spaces to the rear, accessed via Bilston Street.
Location
The building is located on High Street in Sedgley, close to its intersection with Bilston Street.
Sedgley is located in the Dudley Metropolitan Borough and is located approximately 11 miles north west of Birmingham city centre.
Sedgley is located equidistant from Wolverhampton City centre and Dudley town centre, which are both located approximately 3 miles distant.
The national motorway network is located 6 miles away at junction 10 of the M42. The nearby location is a mix of residential and commercial, with local and national occupiers including a new Aldi store opposite.
Services
We understand that the premises benefit from mains electricity, water and foul drainage.
The agent has not tested the suitability of the connections and recommends that all interested parties carry out their own investigations.
EPCs
Available upon request from the agent.
What3words
///soup.civic.feeds
Anti-Money Laundering
The successful purchaser will be required to provided two forms of ID and proof / source of funding to satisfy Anti-Money Laundering protocols.
Property information from this agent
About this agent
Siddall Jones - Birmingham
The Mint, 95 Icknield Street
Birmingham, West Midlands
B18 6RU
0121 721 2616SiddallJones are an independent firm of commercial property consultants based in Birmingham and covering the West Midlands region. We are multi disciplined businesses who pride ourselves in delivering the highest standard of client care, using our knowledge and experience of local and regional markets to provide a range of services to our local and national clients. Since our inception we have secured over one million sq ft of commercial agency instructions. Our clients vary from sole traders to multi nationals, but we trade on the basic value of treating all clients equally and offering the highest standards of care and professionalism throughout our instructions.