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18 bedroom block of apartments for sale
Scholars Walk, 182 Stafford Street, Wolverhampton, WV1 1NA
£1,250,000
Scholars Walk, 182 Stafford Street, Wolverhampton, WV1 1NA
£1,250,000
Our Summary
- The property currently generates £115,680 (£9,640pcm) and there is scope to further increase the rents to approximately £120,000 per annum (£10,000pcm)
Description
The property is a three-storey building located in the center of Wolverhampton, opposite the University of Wolverhampton, with a mix of retail and residential areas nearby. The building was previously a registry office before being converted into 12 apartments 15 years ago. The apartments, comprising 6 two-bedroom and 6 one-bedroom units, have been finished to a good standard, incorporating architectural features and mezzanine floors with galleried bedrooms. The property is heated by two new gas boilers, with individual thermostats and electric metering for each apartment. The property also has a small gated service yard for bin storage and rear access. The current annual rent is £115,680, with potential to increase to approximately £120,000 per annum. A data pack is available for inspection, including ASTs, Legionella reports, and other relevant documents.