33-35 Tettenhall Road, Wolverhampton, WV3


Under Offer
  • Tettenhall Road, Wolverhampton

Property Description

R&R is happy to present this ideal Investment Property located on a main street into Wolverhampton City Centre.
This Grade II Victorian building is a large residential unit, split over 4 floors.

The vendor has confirmed the HMO Licence Occupancy has been increased from 20 persons to 30 persons.
33-35 Tettenhall Road comprises of
5 self contained flats
9 bedsits with ensuite
6 bedsits (with access to 5 shower rooms)

The accommodation is tenanted and benefits from a present tenant roll of £98,000 pa. This significant turnover is an attractive asset for the accommodation.
Tenant occupancy can achieve 33 persons as approved by the council. This has increased 65% in October 2023 from a previous capacity of 20, the rent roll is aiming to increase to match the increase in occupancy.

The properties have either central heating or storage heaters.

The basements provide communal kitchen and lounge areas.

Tenants pay for electric on a metered basis.

The 5 flats have their own council tax assessment and tenants are liable.

22-25 Tettenhall Road is located just minutes from West Park and is walking distance from Wolverhampton City Centre. There are many amenities nearby as well as transport links including the West midlands Bus Service and the Train & Tram Station.

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