Block of flats for sale Tettenhall Road, Wolverhampton WV1
Points of interest
- Wolverhampton Grammar School0.2 miles
- St Jude's Church of England Primary Academy0.3 miles
- Wolverhampton1.2 miles
- Bilbrook2.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Private garden
- Communal garden
- Off street parking
- On street/residents parking
- Central heating
- Double glazing
Buying this unique property would be ideal for a property investor due to the availability of cash-flow as all rooms are already occupied by tenants. This is an ideal Investment Property, the building is in a great condition requiring no major works. This is a freehold commercial property and is perfect for a buyer looking for a new location to run their business.
This licensed HMO located just West of the Centre of Wolverhampton, has a total of 14 bedrooms and 13 are currently let. The rooms sizes are a mixture of singles and doubles. The tenants are currently paying between £280-£300/room per month with bills included and are on rolling contracts.
The two-storey property comprises:
• 14 bedrooms with 13 bedrooms; all refurbished and in good condition.
• 3 kitchens
• 3 toilets
• 2 shower rooms
• 1 bathroom
All communal spaces are fully equipped.
All furnishings included in the sale.
The tenure for this property is Freehold allowing the buyer to have maximum control over the property. Any maintenance costs are the responsibility of the tenants renting the rooms.
The location is a great amenity for this property as it is situated on the main road into Wolverhampton from the West. There are extremely frequent public transport available on this road and the Wolverhampton Railway and Bus Station are within walking distance. The picturesque West Park is a couple of minutes walk away and supermarkets are just around the corner.
• Freehold Residential Opportunity
• Investment Property
• Rooms Tenanted
• Potential for Income to be Boosted
• Central location
• Minimum Turnover Potential - £43,680
Please note, there is a current HMO licence in place. The HMO Licence is not transferable to future owners. Please make your own enquiries with Wolverhampton City Council regarding this matter.
For Sale Price upon Application
Please contact R&R Properties now if you are interested in this property.
Floor plans and tours
FLOOR PLANS (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
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