Hexagon are proud to present this part-let mixed use investment. A rare opportunity to acquire this landmark property on the bustling High Street of Lye with accommodation set over three floors. This property boasts a large ground floor retail area with additional storage space towards the rear of the property. Externally, the property has a yard area which is accessible via a side-road. Above the ground floor retail/storage area are two self-contained and separately let apartments.
Income Profile is as follows for the property:
Ground Floor - Currently Vacant. ERV of £XXX PA
First Floor Flat - £XXX PA (£XXX PCM)
Second Floor Flat - £XXX PA (£XXX PCM)
Location
The property is in a prominent position on Lye High Street and offers easy access to the Merry Hill Shopping Centre which is approximately 1.7 miles away. The property provides a direct connection between Dudley, 4 miles away, and Brierley Hill Town Centre which is within 3 miles.
Accommodation
Ground Floor commercial unit - 1,980 sq ft Two bedroom apartment on first floor - 678 sq ft One bedroom apartment on second floor - 506 sq ft TOTAL:3,164 Sq Ft (294 Sq M)
Terms
Rates Rateable Value - £XXX (Ground floor - which will be vacant on occupation.) First Floor Flat - Council Tax Band A Second Floor Flat - Council Tax Band A It is understood that the Commercial Ground Floor premises will benefit from 100% small business rate relief, however confirmation should be gathered from the relevant local authority.
Terms We are instructed to seek offers in the region of £XXX for the Freehold interest.
Specification
• PART-LET MIXED USE INVESTMENT
• RARE FREEHOLD OPPORTUNITY
• HIGH FOOTFALL
• REAR ACCESS TO GROUND FLOOR