Business park

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Business park

Merridale Rd-12 x Flats and 7 x Commercial Units, Wolverhampton, WV3
£3,100,000

Our Summary

  • Income Generating - £244,300 Per Annum With Huge Scope For Rental Increase
  • Mixed Use Investment Opportunity
  • Potential For Rental Increase

Description

This property is a freehold mixed-use block in Wolverhampton, comprising 12 flats and 7 commercial units, with a prominent roadside pitch. The property is fully let, producing an annual income of £244,300, and has opportunities for asset management through lease renewals. The site has a large rear car park with approximately 36 spaces, which are used for both residential and customer parking. The property was developed under planning consent for 18 flats, but only 12 have been built, leaving scope for further development. The property is located in a popular area with local amenities, schools, and public transport links, making it an attractive option for those seeking easy access to everything they need.