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244, Castle Street, Dudley, DY1 1LQ

Guide price: POA|Auction date: TBC|Lot: -|House, Residential

PROPERTY DETAILS

ADDRESS244 Castle Street, Dudley, DY1 1LQ
TYPEHouse, Residential
TENUREFor Sale Leasehold
TENANCYVacant,Investment
POSTED ON2nd August 2019

DESCRIPTION

**Unsold, the last bid was £504,000. Please refer to Auctioneer for Reserve**''


A Recently Refurbished Leasehold Investment Opportunity to include a First Floor with Seven Bedroom HMO and a Third Floor with Five Self-Contained Studios Producing a Combined £53,940 per annum with Two Rooms Currently Vacant. ERV of £64,140 per annum when Fully Let.

Tenure

Long Leasehold. The property is held on a 999 year lease from 29th September 2014 (thus approximately 994 years unexpired).

Location

The property occupies a prominent corner position in Dudley Town Centre. The open spaces of Coronation Gardens & Dudley Zoological Gardens are within easy reach. Transport links are provided by Dudley Port and Tipton rail stations. Local bus and road links are also easily accessible.

Accommodation

First Floor
Seven Bedrooms, Communal Reception, Communal Kitchen, Communal Bathroom

Room 1 Let for £475
Room 2 Let for £400
Room 3 Let for £425
Room 4 VACANT (IF LET £400)
Room 5 Let for £470
Room 6 Let for £450
Room 7 Let for £475

Third Floor
Five Self Contained Studios all with Kitchen Areas and Shower rooms

Studio 1 Let for £475
Studio 2 Let for £475
Studio 3 Let for £425
Studio 4 Let for £425
Studio 5 VACANT (IF LET £450)

Current Rent Reserved

Combined Current Rent £4,495 per calendar month

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

LOCATION

Location: 244 Castle Street, Dudley, DY1 1LQ

Tipton (1.2 miles)

Dudley Port (1.4 miles)

Coseley (2.2 miles)

AGENT'S DETAILS

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