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UNDER OFFER

**INVESTMENT OPPORTUNITY** 554-566 Penn Road, Wolverhampton, West Midlands, WV4

Offers in Region of
£900,000

£45.91 per sq ft

Business rates & charges may apply

Towler Shaw Roberts, Wolverhampton
SIZE AVAILABLE

19,602 sq ft

1,821 sq m

SECTOR

Mixed use property for sale

Key features

  • Attractive commercial/residential investment opportunity
  • Located in a prime position on the A449 Penn Road
  • Commercial units situated on popular parade
  • Consists of 5 commercial tenancies and 2 residential leases
  • Total NIA approx. 5,141 sqft
  • Generating a total income of £66,525.56 per annum
  • Total Site Area approx. 0.45 acres
  • Freehold For Sale
  • Offers are invited in the region of £900,000.00 for the freehold.

Description

Situated on the prominent A449 Penn Road,which serves as a significant route connecting Wolverhampton City Centre approx. 3.6 miles northeast, and to the southwest regions, including the town of Kidderminster.

The attractive investment property consists of four ground floor commercial units, one 1st-floor commercial unit and two 1st-floor flats, all of which are occupied and on Tenancy Agreements. The local businesses on commercial leases include: Penny's Cafe, Coven Heath NurseryShop, WOW Hair Salon, Simply Drinks Off-Licence and Mae Nangkwah Thai Massage &Spa.

There are also 2 residential tenants (564a and 556) who are on Assured Shorthold Tenancies.

Total annual income is circa £66,525.56.

There may be potential for development due to the garages/land to the rear (subject toplanning), which is currently utilised as customer/tenant car parking.

Total Site Area (taken from Edozo) extends to approximately 0.45 acres.

Brochures

**INVESTMENT OPPORTUNITY** 554-566 Penn Road, Wolverhampton, West Midlands, WV4

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wolverhampton St George's Tram Stop2.6 miles
  • The Royal Tram Stop2.7 miles
  • Wolverhampton Station2.9 miles

About Towler Shaw Roberts, Wolverhampton

4 Tettenhall Road, Wolverhampton, WV1 4SA

Since 1991, TSR have been providing expert professional advice on Commercial Property matters with the remit of adding value to our individual clients business. With three strategically located offices in Shropshire and the West Midlands TSR's in depth knowledge of the local markets conditions has led to our coverage extending beyond our typical coverage of Wales, the West Midlands, Shropshire and Staffordshire.

As a progressive and proactive firm, we offer a holistic range of services that encompass the breadth of our clients' needs and include Asset Management, Agency, Landlord and Tenant, Investment, Valuation and Professional Services, Rating and Compensation Advice, Dilapidations and Property Management.

With Clients ranging from private individuals to national Corporates, TSR offer each client the same level of service with clear, professional and consistent advice on all property matters.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 554-566PennRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Towler Shaw Roberts, Wolverhampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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