Commercial Property for sale

2 High Street, Amblecote, Stourbridge DY8


£170,000
1,147 ft²

Features

  • Part let
  • Potential for rental uplift
  • Prominent high street location
  • Rare freehold opportunity

Description

A fantastic, rare freehold opportunity to acquire this premises on the High Street in Amblecote, Stourbridge. The ground floor is currently occupied by a Dog Groomers, with the rear stores of the ground floor having been converted into a music studio. There is further detached ground floor space at the rear included with the property which is currently occupied by a hair salon. The first floor is unoccupied office space, however there is the potential to convert this into an apartment. There is car parking available at the rear of the premises of approximately 5 spaces. The current passing rents total £9,000 per annum. However, the potential passing rents could be in the region of £17,100 per annum should further improvements be made to the premises. Ground Floor: Retail - 29.06 x 13.07 = 402 sq ft Stores - 11.04 x 9.05 = 108 sq ft Salon - 20.06 x 11.11 = 245 sq ft First Floor: 28.03 x 13.10 = 392 sq ft plus Kitchen and W/C The premises occupy an extremely prominent, roadside position

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Description
A fantastic, rare freehold opportunity to acquire this premises on the High Street in Amblecote, Stourbridge. The ground floor is currently occupied by a Dog Groomers, with the rear stores of the ground floor having been converted into a salon. The first floor is unoccupied office space, however there is the potential to convert this into an apartment. There is car parking available at the rear of the premises of approximately 5 spaces.
The current passing rents total £9,000 per annum. However, the potential passing rents could be in the region of £17,100 per annum should further improvements be made to the premises.
Location
The premises occupy an extremely prominent, roadside position on the High Street (A491) in Amblecote, Stourbridge, one of the main routes providing access from Stourbridge to Wolverhampton (10 miles) via neighbouring towns of Kingswinford and Wordsley.
Accommodation
Ground Floor:
Retail - 29.06 x 13.07 = 402 sq ft
Stores - 11.04 x 9.05 = 108 sq ft
Salon - 20.06 x 11.11 = 245 sq ft
First Floor:
28.03 x 13.10 = 392 sq ft plus Kitchen and W/C
Rates
Rateable Value - £5,000
It is understood that this property will benefit from small business rate relief.
Terms
We are instructed to seek offers in the region of £170,000 for the Freehold interest.

Categories

Commercial Properties
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Property reference
CP8332_70