Sponsored Get a Survey — free quotes via ReallyMoving
7 bed flat
Next Steps
Sponsored — free quotes via ReallyMoving
Get a Survey
Check the property matches the approved plans — compare up to 5 quotes
Our Summary
- Versatile Freehold Investment Opportunity
- Two Commercial Units (Potential For Residential Conversion STPP)
- An interesting freehold investment opportunity in an area of town which is currently undergoing some redevelopment and regeneration, positioned between the ring road (from which there is direct access to the property) and the Staffs-Worcs Canal which separates Park Lane from the smart Weavers Wharf retail park, together with the riverside cafe bars & restaurants, college, bus station and other town centre amenities
- Four of the five flats are currently let to long term tenants @ £450pcm and one flat is let @ £650pcm, ie £2450pcm/ £29,400pa whilst both commercial units are vacant, with the further possibility of conversion to create two additional residential units subject to planning consent
Get alerted when similar properties are listed — Subscribe
Description
The property is a freehold Grade II listed building comprising three interconnected three-storey buildings, housing five flats arranged over three floors, and two ground-floor commercial units. The five flats feature wooden framed double glazing, gas-fired central heating, and individual boilers, and four are currently let to long-term tenants at £450pcm, while one is let at £650pcm. The two commercial units are vacant, with potential for conversion to create two additional residential units subject to planning consent.
The adjacent grounds contain 9 marked parking spaces and feature 4G mobile coverage and superfast broadband availability.