89, Dudley Road, Halesowen

Property Details: • Type: Commercial Property • Tenure: FREEHOLD • Floor Area: 2518 sqft

Key Features: • PROMINENT ROADSIDE POSITION ON DUDLEY ROAD (A459), ONE OF HALESOWEN'S BUSIEST ARTERIAL ROUTES • HIGH DAILY TRAFFIC FLOW WITH OVER 20,000 VEHICLE MOVEMENTS PER DAY (DEPT 2024) • STRONG TRADING LOCATION WITHIN A MIXED COMMERCIAL AND RESIDENTIAL CATCHMENT • WELL-PRESENTED BUILDING WITH ON-SITE STAFF / CUSTOMER PARKING • ATTRACTIVE REVERSIONARY POTENTIAL WITH SCOPE FOR ASSET MANAGEMENT AND RENTAL GROWTH

Location: • Nearest Station: Old Hill Station • Distance to Station: 1.0829670466282495 miles

Agent Information: • Address: 5 Heath Lane Stourbridge DY8 1RF

Full Description: 89 Dudley Road comprises a well-specified roadside takeaway, office, and restaurant premises extending to approximately 2,518 sq.ft. The property enjoys a prominent main road frontage with dedicated customer parking to the front, as well as modern shopfront glazing and excellent signage opportunities. To the rear, there are ancillary storage areas and staff facilities, providing additional convenience for occupiers. Arranged over the ground and first floors, the accommodation is highly flexible and well-suited to a variety of retail, food and beverage, or professional service uses.<br />Unit 1 - 969 Sq Ft Unit 2 - 999 Sq Ft First Floor Offices - 550 Sq Ft Total - 2,518 Sq Ft<br />The property occupies a prime position fronting the A459 Dudley Road, just 1.2 miles from Halesowen town centre, offering excellent connectivity with M5 Junction 3 located approximately 5.5 miles away and the town centre reachable within a 3-minute drive. The location is further enhanced by its proximity to major occupiers such as Aldi, Tesco, McDonald‘s, Shell and a range of local retail operators.<br />Freehold<br />Unit 1 - RV - £11,750 Unit 2 RV - £10,000 Unit 3 RV - £4,200 Interested parties are to make their own enquiries with the relevant local authority to confirm their obligations regarding business rates.<br />We are instructed to seek offers in the region of £385,000. A purchase at this level reflects a net initial yield of 8.51% (after standard purchaser‘s costs)