1 Bed Property House For Sale Louise Street, Dudley, DY3

£190,000- Property

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Last Updated: 10th May 2024

Description

Freehold investment opportunity comprising two self-contained shop units located at the heart of bustling and well shopped Lower Gornal village, with one bedroom first floor flat over. There is a substantial rear yard which was previously used as a plant nursery, at the rear of which is a large, secure storage unit with sealed floor and power. All three properties are fully let and have lease agreements in place. They currently generate a total revenue of £1345 per month, although it should be noted that there is scope for a higher yield, as the current rental income is considered to be below what might be achieved. Ratable value for shop 40, £6000. Rateable value for shop 40A, £4100. Council tax band for flat 40, A. EPC rating for shop 40, D. EPC rating for shop 40A, D. EPC rating for flat 40, E.
Agent Details
Skitts Estate Agents
15, Dudley Street, Dudley, DY3 1SA
Show Contact Number
01902 686 868

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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Potential Return-on-Cash Invested