8 MILL STREET
Brierley Hill, DY5 2RH
Mill Street, Brierley Hill
Floor Area (Max)
381 SqFt ( 35 SqM )
A very well presented unit suitable for a variety of retail uses, the premises consist of a shop floor area with W/C at ground floor level, a large cellar and a one bedroom flat on the first floor into loft space with tenant in place. Suitable for investment.
The first floor is currently let at £4,200 per annum with the tenant wishing to remain. A rent of circa £5,000 could be applied for the Ground Floor & basement offering which, once let, would reflect a 9.6% yield at a purchase price of £95,000.
The property is located within a well established parade of mixed used retail units on the busy Mill Street in Brierley Hill. High footfall. The area benefits from excellent access to Dudley, the Merry Hill Centre and the Black Country.
Shop floor area with W/C - 19.8 x 12.11 = 255 sq ft
Cellar - 12.6 x 10.1 = 127 sq ft
First floor one bedroom flat with separate access via rear communal walkway, with fitted burglar alarm.
Retail unit benefits from fitted CCTV which can be easily accessed by incoming tenant and internal electric roller shutter.
Rateable value - £2,450
Rates payable - £1,176 approx.
(information provided by the VOA listing)
We are seeking Freehold offers in the region of £95,000
Contact Chris Jeffries