2 Bedroom Mixed Use

The property is located on Market Street, the main road running through the village of Dudley. The A19 is close by for easy access to North, South and Newcastle upon Tyne.

A detached two storey property comprising 2 retail units, and a first floor flat consisting living room, kitchen, two bedrooms and bathroom. There is a large yard to of the rear of the property providing additional parking.

Two retail units and a first floor flat
• Floor Area 151 sq. m. (1,626 sq. ft.)
• Will be Fully Occupied*
• Rental Income £21,540 per annum
• Yield 9.37 % on Asking Price
• Prominent Main Road Location
• Large Rear Yard with Parking

Property details provided by Rook Matthews Sayer
EPC rating: D, C and D
Council Band: A
Tenure : Freehold
For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 31 March 2025 OPTION 1

18 Market Street – Ground Floor
30.46sq.m 328sq.ft
The current tenant has been in occupation since 2023, taking over from the previous salon.
A new 5 year lease (break at year 2) on a rent of £6,600 per annum was signed 1st August 2023

22 Market Street – Ground Floor
70.6sq.m 760sq.ft
The owner of the property has been running his business for circa 15 years, he is willing to sign a new to stay in occupation.
They are agreeable to a new 5 year lease (break at year 2) on a rent of £9,000 per annum

22a Market Street – First Floor
50.0sq.m 538sq.ft
The current tenants have recently moved in and signed up on a 12 months’ AST, in July 2024.

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by RMS. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (very low risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 18Mbos and the fastest package of 1000Mbps at this postcode: NE23 7HR and mobile coverage is provided by EE (limited indoor), Three, 02 and Vodaphone