Bedroom Rental Property in Wolverhampton

Wolverhampton, West Midlands
REF: S06943

Asking Price:
£569,000
Annual Turnover:
£43,600
Annual Net Profit:
TBC
REF: S06943

Overview

Tenure:
Freehold
Established:
TBC
  • Great Investment Property
  • Excellent Location
  • Nearby Ample Amenities
  • Property Full of Tenants
  • Freehold Opportunity

The business for sale acts as an HMO rental property in Wolverhampton. The house occupies 13 rooms to let to people needing short term residence in the area. The owner promises great rental potential near Wolverhampton city centre.

Perfect for those who work in the city, the property resides on a popular bus route with regular transport into the centre and beyond. All kitchen equipment and furnishings are included in the sale. Currently, the property is full of happily content residents, paying between £280 - £300 per month per room (bills included).

The business for sale is on a freehold basis. The advantage of a freehold tenure is that the new owner will have complete control over the property. They are not subject to any further payments, like ground rents, service charges or admin fees. Given the nature of the business, the maintenance costs are covered by the tenants renting the rooms.

The property is a two-storey property that is ready for a new buyer to step in and effectively utilise the space as they see fit. Opposite the building are several garages and along the street, similar traditional-style houses. The property holds 13 bedrooms, one in need of restoration, but the rest are all fully refurbished to a high standard. There are 2 kitchens, 3 toilets, 2 shower rooms and 1 bathroom, all fully equipped and communal.

The property is a bright, neutral space and possesses everything a small business would need to be successful.

Intelligent is pleased to bring to the market this freehold commercial property which offers an excellent base for a new buyer looking to manage their business.

It is a purpose built, two-floor building that would appeal to those looking for an investment property.

 

Based just East of Wolverhampton, this premises offers an excellent platform to an existing business or owner-operator looking to relocate to this geographical area. All the rooms are currently rented out. The property is in excellent condition and requires no major work making it easily adaptable to accommodate any business/company/individual.

 

Intelligent has been approached to find a suitable buyer for this great property that presents a massive potential for growth.

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  • Situated in Wolverhampton
  • Easily accessible
  • Opposite a petrol station and convenience store
  • Nearby park
Rent
TBC
Rates
TBC
Lease Term
TBC
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
£485,000
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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