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The property comprises a high yielding freehold investment opportunity situated in the heart of Dudley.
Arranged across ground and first floors, the property is fully let to Creative Support Limited, one of the UKs largest not-for-profit businesses, on a lease expiring 11.02.2026 and paying £16,000 per annum.
The property offers evident asset management potential via renewal of the existing lease and may also benefit from development/conversion potential to alternative uses, including residential (subject to the existing lease and any requisite consents). We understand the nearby St Johns House is currently being redeveloped to provide 47 flats.
The property benefits from a prominent frontage to King Street, a secondary retail pitch, and close to the junction with Union Street. The street runs immediately parallel to principal retail amenities of the High Street. The surrounding area is characterised by a mix of retail and other commercial uses, with some residential.
Tenure
Freehold
Tenancy
The property is let to Creative Support Limited on a two year lease expiring 11.02.2026 and paying £16,000 per annum. The lease includes a schedule of condition.
Creative Support Limited
Creative Support is one of the UKs largest not-for-profit organisations, delivering prevention and care services in over 70 local authorities across England.
Website: creativesupport.co.uk
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