Private investor snaps up four-storey high street building
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The attraction of property opportunities in the West Midlands has been highlighted by a £500,000 deal that has seen a private investor snapping up the four-storey high street building containing Dudley’s Post Office.
Commercial agents Bond Wolfe secured the freehold sale of 66-67 High Street, Dudley, which also contains five fully-let self-contained flats on the upper floors.
With the ground floor let to The Post Office until 2036, the property is currently producing £50,000 a year.
James Mattin, managing director agency of Bond Wolfe, said: “We are delighted to have concluded another investment sale.
“Demand for income producing secondary assets is extremely strong presently, and with this asset being anchored by The Post Office as the ground floor tenant, there was strong demand for this opportunity.”
Brunel Solicitors acted for the seller and the purchaser was advised by Chancellors Solicitors.