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Studio flat for sale
Castle Street, Dudley DY1
£670,000
Castle Street, Dudley DY1
£670,000
Our Summary
- **** new instruction **** investment opportunity **** annual gross income £70,680
Description
The property is an investment opportunity in the heart of Dudley Town Centre, with 5 self-contained studio apartments and 7 en-suite HMO rooms. The property has a gross income of £70,680 per year, with tenants paying £2,475 per month for the studio apartments and £450-£495 per month for the HMO rooms. The property is leasehold with a peppercorn ground rent, and the sale is subject to a 2% plus VAT buyers fee. The benefits of the buyers fee include removing the element of competitive bidding and minimizing the risk of the sale falling through.