£965,000

Retail premises for sale

  1.  Photo 2
  2.  Photo 1
  3.  Photo 3

£965,000

Retail premises for sale

Moor Street, Brierley Hill DY5

Local area information

Property location

Nearby amenities

  • Brierley Hill Primary School 0.2 miles
  • St Mary's RC Primary School 0.4 miles
  • Lye (West Midlands) 1.5 miles
  • Cradley Heath 1.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • 3 x two bedrooms
  • 5 x 1 bedroom
  • Freehold
  • 3 x Commercial Retail Shops
  • Residential Rent Roll £55,200
  • Commercial Rent Roll £18,040
  • Ideal Bolt Purchase
Detailed Description

Property Description
The property comprises a prominent part three storey corner building, providing three retail units and eleven recently converted well presented self-contained apartments, with 3 x two bedrooms and 5 x 1 bedroom. The apartments benefit from UPVC double glazing, wall mounted electric heaters, modern kitchen and bathroom facilities, telephone entry system, carpeting and floor coverings. On the gable wall there is an advertising hording.

Location
The property occupies a corner position in the heart of Brierley Hill town centre with a frontage to High Street providing access to the three retail units and a return frontage to Moor Street giving access to Kingston House comprising the eleven apartments.
The property is conveniently located for local shopping and other amenities including the neighbouring Moor Centre which includes Poundland, Iceland, Superdrug and Card Factory, whilst the Merryhill Shopping Centre and Waterfront Developments are within close proximity.
Brierley Hill will benefit from the expanding Metro System with current proposals indicating enhancement of the High Street and the immediate vicinity.
Brierley Hill is situated approximately 2.5 miles south of central Dudley and 2 miles north of Stourbridge.

Energy Performance Rating
See legal pack.

Tenure
Freehold - subject to the schedule below. It should be noted that 95 High Street and Flats 9 & 10 Kingston House have been sold subject to Leases for 125 years, expiring in 2146 and 2144 respectively, with the ground rent payable to the Freeholder.
All other flats are available with tenants in Situ. Full details relating to tenure will be available within the legal pack.

Kingston House
Flat 1 2 bedrooms Tenant in Situ £8,400 pa (£700 pcm)
Flat 2 1 bedroom The property has been sold leasehold subject to a lease for 125 years, expiring on 31st December 2144. Ground Rent of £81.50
Flat 3 1 bedroom Tenant in Situ £5,760 pa (£480 pcm)
Flat 4 1 bedroom Tenant in Situ £6,600 pa (£550 pcm)
Flat 5 2 bedrooms Tenant in Situ £8,100 pa (£675 pcm)
Flat 6 1 bedroom Tenant in Situ £5,940 pa (£495 pcm)
Flat 7 2 bedrooms Tenant in Situ £7,200 pa (£600 pcm)
Flat 8 1 bedroom Tenant in Situ £6,600 pa (£550 pcm)
Flat 9 1 bedroom The property has been sold leasehold subject to a lease for 125 years, expiring on 31st December 2144. Ground Rent of £81.50
Flat 10 1 bedroom The property has been sold leasehold subject to a lease for 125 years, expiring on 31st December 2144. Ground Rent of £81.50
Flat 11 1 bedroom Tenant in Situ £6,600 pa (£550 pcm)
Total Estimated Rental Value: £55,200

Commercial:
High Street
91 High Street 829 sq.ft. Let by way of a lease for 3 years with effect from 31st May 2021. £10,000 pa
93 High Street 527 sq.ft. Let by way of a 6 year lease with effect from 1st November 2018. A rent review is due on the 31st October 2021. £7,000 pa
95 High Street 700 sq.ft. The property has been sold leasehold subject to a lease for 125 years with effect from 16th April 2021. Ground Rent of £65 pa
Advertising Hoarding - Let for a term of 1 year from 29th July 2009 (currently holding over). (Potentially due to digital sign - £3,000 from Clear Channel - Planning Application in)
Total Estimated Rental Value: £18,040

For more information or to book a viewing please contact the Commercial Sales Team on the details below.

More information

Report this listing

Property descriptions and related information displayed on this page are marketing materials provided by - Imperial Properties. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Imperial Properties for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. West Midlands
  4. Brierley Hill
  5. High Street

© 2024 Zoopla Limited. All rights reserved.

Sold house prices provided by Land Registry/Registers of Scotland. © Crown copyright 2024. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site.

Zoopla Limited is an appointed representative of Uswitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide the mortgage calculator tool and incorporated with company registration number 06074771 and registered office at The Cooperage, 5 Copper Row, London SE1 2LH. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850.

Zoopla.co.uk is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions. Zoopla.co.uk and Mojo Mortgages are part of the same group of companies. Zoopla may receive an introduction fee from Mojo Mortgages on completion of successful mortgage applications. This fee is based on a percentage of your loan amount. Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376) and is authorised and regulated by the Financial Conduct Authority and is on the Financial Services Register (478215). Mojo's registered office is The Cooperage, 5 Copper Row, London, SE1 2LH. To contact Mojo by phone, please call 0333 123 0012.