Property

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A freehold mixed-use property with a potential high yielding income and development potential

Situated on a highly sought-after high street, this mixed-use property offers a fantastic opportunity for investors and developers 

Property Layout:

• Ground Floor: Retail area with direct access from Dudley Road, leading to a kitchen and storage room at the rear.
• First Floor: Separate access to a spacious flat featuring a reception room, two well-sized bedrooms, and a family bathroom.

Tenancy Schedule:

• Ground Floor Commercial: Let at £850 PCM (£10,200 pa) (Lease is up for renewal 30th June 2025, at this point a rent increase can be implemented.)
• First Floor Flat: Let at £600PCM (£7,200 pa) (with scope to increase).
• Total Potential Income: £31,800 pa.

Other Key Features:

• Refurbishment opportunity to enhance value or repurpose the property.
• Potential for redevelopment into multiple residential units (subject to planning permission).
• High demand for commercial and residential spaces in the area.
• Gated rear access for loading into the shop.

This property is surrounded by well-maintained commercial properties, making it an attractive prospect for those looking to maximise its potential. Whether you’re seeking to renovate, redevelop, or generate a solid rental income, this property ticks all the boxes.

Here's what to do next

• Visit - Our website and view the auction terms.
• View - Book a viewing directly through our website.
• Register - Get registered prior to the auction opening date.
• Legal Pack - Download and view the legal pack to find out all the relevant information.
• Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
• Bidding - Everything is completed online through the website and the intuitive bidding controls.