199 Wolverhampton Street, Dudley, West Midlands, DY1
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
7
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold block of four self-contained flats (3 x 2-bed and 1 x 1-bed)
- Fully let, generating £36,420 per annum
- Car park and outbuilding included with development potential (STP)
- In close proximity to new £261 million Dudley tram station
- Rental and capital growth potential
Description
This impressive Grade II listed Victorian building is situated on Wolverhampton Street in the heart of Dudley. The building boasts outstanding transport links, within close proximity to the town's retail and leisure venues. With easy access to local schools and public transport. including the new £261 million Dudley tram extension.
Description
A striking and spacious four apartment block retaining distinctive period features (Grade II listed frontage)-ornate brickwork, tall sash windows, high ceilings and decorative cornicing-typical of late-Victorian architecture. Carefully refurbished to combine character with modern comfort, the building provides an attractive and well maintained investment freehold. Including a sizable rear car park and outbuilding storage with development potential (STP).
Investment Summary
Unit Monthly Rent Annual Rent
Flat 1 £695 £8,340
Flat 2 £750 £9,000
Flat 3 £795 £9,540
Flat 4 £795 £9,540
Total £3,035 £36,420
Accommodation
Apartment schedule:
* Flat 1 - 1 bedroom, 1 bathroom
* Flat 2 - 2 bedrooms, 1 bathroom
* Flat 3 - 2 bedrooms, 1 bathroom
* Flat 4 - 2 bedrooms, 1 bathroom
Each flat is spaciously presented with high ceilings, double bedrooms, large open-plan living areas with fitted kitchen, contemporary bathroom suites, ample storage space and secure entry systems. Flats come with private off road parking and outbuilding storage.
Rent/Price
OIRO £485,000, representing a 7.5% gross yield.
Tenure
The property is offered with freehold tenure.
EPC
EPC's have been commissioned and will be made available upon request.
Legal Costs
Each party is to bear their own legal and professional costs incurred.
VAT
The property is not elected for VAT, therefore VAT will not be payable in addition to the purchase price.
Anti Money Laundering Regulations
We will require two forms of ID from the purchasers of the property along with confirmation of the source of funds.
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
199 Wolverhampton Street, Dudley, West Midlands, DY1
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Visit our security centre to find out moreDisclaimer - Property reference 199WolverhamptonStreet. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by The George Property Group Limited, Covering Wolverhampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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