House in Multiple Occupation (HMO) Rental Property in Wolverhampton
- Excellent Reputation
The business for sale is a House in Multiple Occupation (HMO) rental property in Wolverhampton. The house has 13 rooms to let to people needing short-term residence in the area, with great rental potential due to its proximity to 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 happy residents, paying between £280 - £300 per month per room (bills included).
The business is for sale 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, such as 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.
Garden is not included in the asking price.
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.
- Limited Competition