Tettenhall Road, Wolverhampton, West Midlands, WV1

POA Fixed Price

Investment Opportunity
  • Tettenhall Road
  • Street View
  • Communal Kitchen
  • Communal Kitchen
  • Communal Kitchen
  • Hallway

Property Description

A licensed 13 Bed HMO with an unoccupied 14th room.

Buying this unique property would be ideal for a property investor due to the availability of cash-flow as all rooms are already occupied by tenants. This is an ideal Investment Property, the building is in a great condition requiring no major works.

This licensed HMO located just West of the Centre of Wolverhampton, has a total of 14 bedrooms and 13 are currently let. The rooms sizes are a mixture of singles and doubles. The tenants are currently paying between £280-£300/room per month with bills included and are on rolling contracts.

The two-storey property comprises:

* 14 bedrooms with 13 bedrooms; all refurbished and in good condition.
* 2 kitchens
* 3 toilets
* 2 shower rooms
* 1 bathroom
All communal spaces are fully equipped.
All furnishings included in the sale.

The tenure for this property is Freehold allowing the buyer to have maximum control over the property. Any maintenance costs are the responsibility of the tenants renting the rooms.

The location is a great amenity for this property as it is situated on the main road into Wolverhampton from the West. There are extremely frequent public transport available on this road and the Wolverhampton Railway and Bus Station are within walking distance. The picturesque West Park is a couple of minutes walk away and supermarkets are just around the corner.

Main information
* Freehold Opportunity
* Investment Property
* Rooms Tenanted
* Potential for Income to be Boosted
* Central location
* Minimum Turnover Potential - £43,680

Please note, there is a current HMO licence in place. The HMO Licence is not transferable to future owners. Please make your own enquiries with Wolverhampton City Council regarding this matter.

For Sale Price upon Application

Please contact R&R Properties now if you are interested in this property.

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