8th Oct 2018
16th Sep 2019
- Type: Block of flats
- Bedrooms: 0
- Listing status: sale
- Country: England
Dudley is a large town in the county of West Midlands, 6 miles south-east of Wolverhampton and 10.5 miles north-west of Birmingham.
There are multiple travel options from this property and Tipton station is conveniently only a 20-minute walk away. This train station is served by West Midlands Railway and runs services between Wolverhampton and Walsall via Birmingham. During the week there are two services every hour that run in each direction. There are also bus links to the neighbouring towns of Tipton, Walsall, Wolverhampton, Birmingham, West Bromwich and many more. The closest bus stop being less than 100m from this property, making it very easy to travel around the surrounding region.
This area of the Black Country is very rich in cultural attractions that are in walking distance such as the Black Country living Museum, Dudley Castle and Dudley Zoological Gardens. Slightly further down the road from this property is Castlegate Business Park which offers a broad range of retail stores, restaurants and a cinema. There are further retail options in town via the Merry Hill Shopping Centre & Churchill Shopping Centre which are packed with options and is known as the commercial centre.
The town of Dudley has much to offer in terms of work opportunities with in the town, some of the biggest employers in the local area include Mitie, Interserve, the nhs, dmbc and Rentokil Initial. Dudley is fortunate to being only a short half an hour drive from Birmingham via the A457, and so this opens up many opportunities for potential commuters looking for jobs in the neighbouring town.
Fully-let on ASTs with low voids performance and long-term tenants (the average tenancy is over 4 years).
* Total No. Of Units: 24 x apartments (19 x 2 beds and 5 x 1 beds)
* Total price: £2,399,950 leasehold block
* Aggregate rent: £12,480 pcm; £149,760 pa
* Tenancy types: ASTs
* Gross yield: 6.2%
A summary on the portfolio can be retrieved on request.
Please note that prospective buyers will be required to pay a fee of £900 per unit to Vesta upon acceptance of an offer on this property. The seller of the property will also pay a fee to Vesta.
Local info for DY1