High Street
Wombourne
Wolverhampton
WV5 9DP
Penn Road, Wolverhampton
Offers In The Region Of £330,000
Development Opportunity
- INVESTMENT OPPORTUNITY
- Freehold Interest With Three Leasehold Apartments With Tenants In Situ
- Car Park With Allocated Parking
- Cellar Storage
This is a unique investment opportunity having the freehold title to the building, together with ownership of the three remaining apartments which are currently rented out. There is a car parking area, bin store and garden area. Apartment A is privately owned but is under a lease of 150 years from January 2010 with 134 years remaining. Apartment B is ground floor and is achieving £695.00 per calendar month. Apartment C is a first floor one bedroom which is approximately 363 square foot and achieving a monthly rent of £695 pcm. Apartment D is a first floor one bedroom of approximately 435 square foot with a monthly rent of £695 per calendar month. Rental yield of approximately 7.5%, subject to all apartments being let.
EPC : Flat B - E; Flat C - E; Flat D - D
WOMBOURNE OFFICE
LOCATION
Located on the junction of the A449 and Hopstone Gardens and which gives excellent access to the major transport links into Wolverhampton City Centre. Positioned on a regular bus route and being within walking distance of the shops. The properties are situated close to Manor Park, Muchall Park and Penn Bowling & Social Club.
DESCRIPTION
This is a unique investment opportunity having the freehold title to the building, together with ownership of the three remaining apartments which are currently rented out. There is a car parking area, bin store and garden area. Apartment A is privately owned but is under a lease of 150 years from January 2010 with 134 years remaining. Apartment B is ground floor and is achieving £695.00 per calendar month. Apartment C is a first floor one bedroom which is approximately 363 square foot and achieving a monthly rent of £695 pcm. Apartment D is a first floor one bedroom of approximately 435 square foot with a monthly rent of £695 per calendar month. Rental yield of approximately 7.5%, subject to all apartments being let.
We are informed by the Vendors that all mains services are connected
COUNCIL TAX BAND A – Wolverhampton City Council
POSSESSION Vacant possession will be given on completion.
VIEWING - Please contact the WOMBOURNE Office.
The property is FREEHOLD with 3 LEASEHOLD APARTMENTS
Broadband – Ofcom checker shows Standard / Superfast / Ultrafast are available
Mobile data coverage is constantly changing, please use the property postcode and this link for the most up to date information from Ofcom: https://www.ofcom.org.uk/mobile-coverage-checker
The long term flood defences website shows very low risk
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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