Sold

Wolverhampton – Freehold unbroken block of flats

Slade Hill, Tettenhall Road, Wolverhampton, WV6 0EJ

Offers in excess of £1,750,000

Property Type:
Residential
Sub Type:
Block of Flats
Tenure:
Freehold

Description

  • Freehold block comprising 26 flats (5 x studio; 8 x one bed; 13 x two bed)
  • Off street car parking for approximately 30 cars
  • 23 flats let subject to Assured Shorthold Tenancies
  • Three flats currently vacant
  • Total Current Rent Reserved: £120,240 per annum
  • Estimated Rental Value (fully let): £137,100 per annum
  • Benefitting from an additional planning consent
  • Attractive rental and break up opportunity
  • Gross Initial Yield (assuming fully let): 7.83%

Subject to contract