Property Overview

Purchase Price:	Offers in excess of £160,000
Type:	Investments
Tenure:	For Sale
Description:	A three storey character property let as a childrens day nursey.
Contact:	Matthew Pearcey - 07764 269803

Detailed Information

Location

The property is prominently on St. James's Road within say 400 yards of Dudley Town Centre.  The Castlegate island is within half a mile providing access to the major Black Country towns and motorway network.

Description

The property comprises a three storey Edwardian semi detached building with car parking to the front and rear.  The accommodation comprises a range of private and open plan rooms.  Car parking is available to the front and rear of the building - 10 spaces approx.

Accommodation (Net Internal Area) approx.

Ground Floor                        600 sq.ft. 

First Floor                             616 sq.ft.

Second Floor (attic space)    218 sq.ft.
                                          ________

                            Total       1,434 sq.ft. (133.2 sq.m.)
                                          ________

Cellar                                       85 sq.ft (7.87 sq.m.)

Services

All mains services are connected.  A gas boiler feeds panel radiators to the majority of rooms.

Please note the Vendors/Agents have not tested the servics/heating systems.

Rating Assessment

• Rateable Value - £36,250.

The Lease etc.

Tenant - YMCA Wolverhampton (Co. No. 03012233)

Rent - £16,000 per annum exclusive.

Term - 29th August 2023 to 31st December 2040.

Break Dates - 1st September 2026, 1st September 2031, 1st September 2036.

Rent Reviews - 19th February 2027, 19th February 2032, 19th February 2035.

Repairs - The tenant is responsible for keeping the interior in good and substantial repair and condition subject to a Schedule of Condition.

The tenant is to maintain the rear garden and patio area.

The Landlord is to keep the structure in good and substantial repair and condition and repaint as often as considered necessary, but not less than once in every 5 years.  Note: Works covered by the service charge.

Proposal

We are instructed to seek offers in excess of £160,000.

V.A.T.

The purchase price will not be subject to V.A.T.

Anti Money Laundering

The anti money laundering regulations require identification checks are undertaken for all parties purchasing property.  Before a business relationship can be formed we will request proof of identification for the purchasing entity.

Energy Performance Certificate

EPC Rating - E.

Further Information

For further information on viewings please contact the selling Agents.

Sellers Chartered Surveyors - 01384 456789

Matthew Pearcey - 07764 269803

matthewpearcey@sellers-surveyors.co.uk