Penn Road, Wolverhampton

Full Property Description:

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