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Business park
Merridale Rd-12 x Flats and 7 x Commercial Units, Wolverhampton, WV3
£2,900,000
Merridale Rd-12 x Flats and 7 x Commercial Units, Wolverhampton, WV3
£2,900,000
Our Summary
- Income Generating - £244,300 Per Annum With Huge Scope For Rental Increase
- Mixed Use Investment Opportunity
- Potential For Rental Increase
Description
The property is a freehold mixed-use block in Wolverhampton, comprising 12 flats and 7 commercial units, situated on a 0.4-acre site with a rear car park. The property is fully let, generating an annual income of £244,300, and has opportunities for asset management through lease renewals. The property was developed under planning consent for 18 flats, but only 12 have been built, leaving potential for additional development subject to obtaining necessary consents. The property is located in a popular area with local amenities and public transport links, making it an attractive option for those seeking easy access to daily needs. The property is being sold with a buyer's fee of 2% of the purchase price, subject to a minimum fee of £3,999, and an exclusivity agreement will be required to secure the transaction.