Northfield Road, Netherton
For Sale - 500,000

Details


LOCATION
The premises are siuated just off the A458 etween the towns of Netherton and Dudley

DESCRIPTION
An excellent opportunity to acquire a mixed Investment opportunity which included a former public house which has been very well converted into 7 one bedroom flats. To the side is a large building plot which has planning permission for 4 x 3 bedroom properties.

The 7 flats provide a potenti.al rental income of circe 35000 per annum (with only one flat currently vacant)

Purchase Price

500,000

1- 375
2- 365
3- 365
4- 325
5- 375
6- 375 (empty)
7- 360
Total 30480 (35,000 when full)

Plus Building Plot with Dudley MBC

Planning Number: P15/0649 for 4 x 3 bed properties



COSTS:
Each side to bear their own legal costs, and all other professional costs incurred in the transaction, together with any Vat which may be payable

Tenure:
We are advised that the premises are freehold,
however we have not verified this.

VAT
There is no VAT payable on the purchase price.

VIEWING/Further Information
Via appointment only with the Agents Lex Allan Commercial 01384 374888

ANTI-MONEY LAUNDERING As of 1st March 2004 we are required by HM Customs & Excise to verify the identity of all Vendors and Purchasers. Should you wish to proceed with the purchase of this, or any other premises, two forms of identification will be required. Further information available from the Agent.

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Lex Allan Stourbridge
The Auction House
87 - 88 St. Johns Road, Stourbridge
West Midlands, DY8 1EH

Tel: 01384 374888
Email: info@lexallan.co.uk

Lex Allan Stourbridge

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