For Sale By Auction | 12 noon, 09 September 2015 | Lot 86

244 Castle Street, Dudley, West Midlands, DY1 1LP

*Guide | £110,000+ (plus fees)

  • Office
  • Tenure: Long Leasehold. The property is held on a 999 year lease from March 2015 (thus approximately 999 years unexpired).

Call the team on 020 7625 9007 for more information

Auction Date

Wed 09/09/2015

Auction Time

12 noon

Auction Venue

The Ballroom, Landmark Hotel, 222 Marylebone Road, Marylebone, London, NW1 6JQ

A Vacant First and Second Floor Office. Planning Permission has been Granted for Change of Use to Provide Four x Two Bedroom Self-Contained Flats.

The property comprises a commercial office unit over first and second floors (approximately 3,500 sq.ft/273 sq.m) situated within a mixed use building arranged over ground and two upper floors.

Tenure

Long Leasehold. The property is held on a 999 year lease from March 2015 (thus approximately 999 years unexpired).

Location

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.

Accommodation

First Floor Office Room Kitchen Bathroom with WC & wash basin Second Floor Six Individual rooms Bathroom with WC & wash basin

Tenancy

The individual flats have been valued at an estimated rental income of £525-£550 per month each.

Planning

Dudley Metropolitan Borough Council granted the following planning permission on the 8th August 2013 (Ref: P13/1042): "change of use of first and second floors to create 4 no. apartments with elevational changes to replace security shutters and door with new timber door".

Viewing Details

Tuesday 1st September 11:00-11:30 Thursday 3rd September 11.00:11:30 Monday 7th September 11:00-11:30 Tuesday 8th September 11:00-11:30

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.