Property Overview

Purchase Price:	Guide Price: £235,000
Type:	Investments
Tenure:	For Sale
Description:	A reversionary freehold industrial investment located to a popular area.
Contact:	Matthew Pearcey - 07764 269803

Detailed Information

Location

The unit is located on Sovereign Works which is accessed off Deepdale Lane, Lower Gornal.  Dudley Town Centre is within say 2 miles.  Junction 2 of the M5 is within 6 miles.

Description

The unit is of steel framed construction with full height brick walls surmounted by a pitched corrugated asbestos roof with inset roof lights.  Access is via a roller shutter door.  An offices is included.  Height to eaves 5.8m (19'1") approx.

A 3 ton crane is included -  not tested.

Accommodation (Gross Internal Area) approx.

3,921 sq.ft. (364.41 sq.m.)

Services

All mains services, except gas are connected.  Electricity is purchased direct from the estate.

Rating Assessment

Rateable Value: £19,750.

U.B.R. 54.6p in the £ (2024/2025)

Service Charge

An estate service charge is levied in respect of the estates common areas etc.

Tenancy

The unit is let to J & M Steels (Midlands) Limited and the rent passing is £9,480 per annum.  There is no lease.

Guide Price

£235,000.

V.A.T.

V.A.T. may be levied on the purchase price.

Fixtures and Fittings

All usual tenants fixtures and fittings and those not mentioned in these particulars are expressly excluded from the sale.

Energy Performance Certificate

EPC rating - C.

Viewing

Strictly via the Sole Agents - Sellers Chartered Surveyors

Matthew Pearcey - 07764 269803

matthewpearcey@sellers-surveyors.co.uk