LOT 10 · COMMERCIAL PROPERTY
20-21 High Street
Dudley, DY1 1PJ
A Commercial Investment Producing £40,000 Per Annum with Development Opportunity (Subject to Obtaining All Relevant Consents)
Property description
The property comprises a mid terrace building arranged to provide a ground floor retail unit with ancillary accommodation on the first and second floors. The property is subject to an FRI lease for a term of 15 years commencing 12th November 2007 at a rent of £40,000 per annum (Holding Over).
Accommodation
Ground Floor
Retail Unit
G.I.A. Approximately 105 sq m
First Floor
Ancillary Accommodation
G.I.A. Approximately 95 sq m
Second Floor
Ancillary Accommodation
G.I.A. Approximately 30 sq m
Location
The property is situated in Dudley City Centre close to local shops and amenities. Nearby multiples include Greggs, Costa Coffee and Santander. The open spaces of Priory Park are within easy reach. Transport links are provided by Tipton rail station.
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 14.5%
- Net yield
- 14.5%
- Annual income
- £39,996
Net yield deducts your annual running costs, before tax and finance.
Yields use the purchase price and assume 12 months’ rent. Include maintenance, insurance, management and vacancy allowances in annual costs. Tax, finance and purchase fees are excluded.
Illustrative estimates only, not financial advice or a lending offer. Confirm funding and the completion deadline before bidding.
Additional Fees & Important Information — Swift Property Auctions
Buyer's Premium & Disbursements
Some lots may include additional charges on completion. Full details are contained within the legal pack and addendum and should be reviewed before bidding.
Guide & Reserve Prices
Guide prices reflect the seller's minimum expectation at the time of listing. They are not valuations and may change prior to auction. All lots are offered subject to a Reserve Price, being the minimum the seller has authorised a sale at.
Administration Fee
A fee of £1,800 (including VAT) is payable on exchange, unless stated otherwise in the addendum.
Available Prices (Post-Auction)
Where a property remains unsold, an Available Price may be advertised. This reflects the seller's expectations post-auction and is subject to contract.
Reliance on Guide Prices
Swift Property Auctions and the seller accept no responsibility for any loss arising from reliance on Guide Prices. It is the bidder's responsibility to determine the level at which they wish to bid.
Fees, VAT & Additional Charges
Guide Prices exclude the buyer's fee, VAT (if applicable), and any seller's costs. These are detailed within the Special Conditions of Sale.
Accuracy & Property Condition
Particulars, images and measurements are for guidance only and may change. No warranty is given as to condition or structure. Buyers should make their own enquiries and obtain professional advice before bidding.
Withdrawn or Pre-Sold Lots
Neither Swift Property Auctions nor the seller will be liable for costs or losses relating to lots withdrawn or sold prior to auction.
PROPERTY ENQUIRY
Speak with our auction team.
Ask about 20-21 High Street, arrange a viewing or discuss your next steps.