**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.
Long Leasehold. The property is held on a 999 year lease from 29th September 2014 (thus approximately 994 years unexpired).
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.
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
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
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
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.