Block of flats for sale in 36-40 High Street, Sedgley, Dudley, West Midlands DY3

Guide Price = £350,000 - £380,000

Property for auction on 10th July at 13:00 at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.

Property Description:
A substantial mixed use investment property of part three storey brick construction surmounted by a pitched tile clad roof, comprising three ground floor retail shops and three self contained flats to the upper floors all except one flat being currently let and producing a valuable investment income.
The property occupies a generous plot with large rear garden which provides scope for further extension/redevelopment (subject to planning consent) and is generally well maintained and there may also be scope for reconfiguration of the flat accommodation to provide an additional flat
The property is situated prominently fronting High Street in the busy Sedgley Town Centre, close to the junction with Brick Street and surrounded by a densely populated residential catchment area.

Tenancy Information
Shop 36: Trading as a Pet Shop let on a lease for 7 years from 2022, Rent £7,200 per annum.
Shop 38: Trading as a Chiropodist let for a term of 7 years from 2022. Rent £6.480 per annum.
Shop 40: Let as a Nail Bar on a lease expiring in 2025. Rent £6720 per annum.

Flat 1/38: Let on an Assured Shorthold Tenancy: Rental : £415 per calendar month (£4,980 per annum).
Flat 2/38: Let on an Assured Shorthold Tenancy: Rental: £600 per calendar month (£7,200 per annum).
Flat 3/38: Currently Vacant: Previously Let at £700 per calendar month (£8,400 per annum).

Current Total Rental Income: £32,580 per annum.
Total Rental Income (When Fully Let): £40,980 per annum.

Accommodation:
Ground Floor
Shop 36 (Pet Shop): Retail Area: 34.31 (369 sq.ft) Rear Store: 8.47 (91 sq.ft). Store &

Toilet: 4.6 (49 sq.ft). Kitchenette: 3.64 (39 sq.ft) with outside store.

Shop 38 (Chiropodist): Shared Entrance Hall, Reception Hall/Corridor/Store Cupboard, Treatment Room: 10.16 (109 sq.ft), Waiting Room: 7.70 (82 sq.ft) approx. Rear Hall/Kitchenette: 2.76 (30 sq.ft). Cloakroom with WC and washbasin.

Shop 40 (Nail Bar): Retail Area: 22.84 (245 sq.ft), Lobby, Kitchen/Store: 5.76 (62 sq.ft), Toilet with WC and wash basin.

Flat Accommodation:
Shared Entrance Hall directly off the High Street, Stairs and Landing.

First Floor
Flat 1: Entrance Hall, Bedroom: 3.27m x 2.89m, Inner Hall, Lounge/Diner: 4.74m x 3.28m, L Shaped Kitchen: 2.82m x 1.24m plus 1.79m x 1.59m. Bathroom: 3.04m x 1.29m with panelled bath having shower over, wash basin and WC.

Flat 2: Lounge/Dining Room: 4.75m x 3.38m, Inner Hall with store, Bedroom: 4.36m x 3.54m, plus recess. Bathroom: 2.22m x 1.42m with panelled bath having shower over, wash basin, WC. Dining Kitchen: 3.34m x 2.95m.

Flat 3: Entrance Hall and Stairs to
Second Floor
Landing/Study Area, Bedroom One: 4.32m x 3.33m plus recess, Bedroom Two: 3.41m x 2.41m, Lounge: 4.79m x 4.34m, Kitchen: 2.79m x 2.30m, Bathroom: 3.62m x 1.82m with panelled bath having shower over, wash basin and WC.
Note Flat 3 may provide potential for sub-division into two separate flats.

Outside: Right of way to a large rear yard/garden providing potential for extension.

Council Tax Band Flats 1,2,3 @ 38 - Band A
EPC Rating Shop 36 - C. Shop 38 - D. Shop 40 - C. Flats at No. 38: C

Legal Documents:
Available at

Viewings: Via Cottons