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Clifton House, Merridale Road, Wolverhampton, WV3 9RY

PROPERTY TYPE

Block of Apartments

BEDROOMS

23

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • GREAT INVESTMENT OPPORTUNITY
  • 12 RESIDENTIAL APARTMENTS
  • 6 COMMERCIAL UNITS
  • OFFICE SPACE
  • WOLVERHAMPTON CENTRAL LOCATION, MERRIDALE ROAD
  • AVERAGE ANNUAL GROSS OF £260,000
  • ALL UNITS CURRENTLY LET, NO TENANT FINDING NEEDED
  • CAR PARK, CCTV AND KEY CODE PROTECTED DOOR FOR CONVENIENCE AND SECURITY
  • GREAT PROPERTY LOCATION FOR FUTURE WOLVERHAMPTON DEVELOPMENT
  • HIGH TRAFFIC LOCATION, GREAT EXPOSURE

Description

R&R Properties are pleased to present an amazing investment opportunity in Wolverhampton City Centre.


PROPERTY BREAKDOWNS AND INCLUSIONS:

Clifton House is a large property, compromising of 12 residential apartments, 6 commercial units and an office. Located on Merridale Road, an ideal location that links both Wolverhampton Centre and Tettenhall Village. This creates the ideal location for business exposure and for high interest in apartment availability.

-All properties are currently tenanted with an average annual gross of £260,000.

-Property has access to its own car park which can be gated, the residential section is secured with CCTV and a door code, providing residents an additional peace of mind.


-All apartments are fully furnished, furnishings included in the sale.

Additional information on the area:

-Wolverhampton is an ideal location for those looking to work, making it a high traffic area for people relocating.

-The West Midlands Combined Authority launched a £10 million High streets and Growth Incubator fund to revive shops, the City Centre and improve public spaces. Work on this started as of this year, edging Wolverhampton further into the eyes of investors.

-Residents of the property will have access to numerous amenities and restaurants, the popular Italian Restaurant “Bella” being just across the street, as well as a train and bus depo within walking distance.


Do not miss out on this rare business venture and contact us for a viewing today!


Please Note:

These particulars are for guidance only and do not form part of any contract. R&R Properties has not tested any appliances, fixtures, or services, and buyers should confirm their condition. Legal title should be verified through your solicitor.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Clifton House, Merridale Road, Wolverhampton, WV3 9RY

Approximate location

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Affordability

Monthly repayments£14,528
Property: £ 3,000,000
Deposit: £ 300,000
Interest rate: 5.02%
Term: 30 years
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About R & R Properties, Wolverhampton

THE OLD COACH HOUSE 13A UPPER GREEN MEWS TETTENHALL WOLVERHAMPTON WV6 8QH
Industry affiliations:Industry affiliation logo 0

R&R Properties are an independent Residential Sales and Letting company offering Property Owners, Landlords and Investors a personal property service tailored to each clients needs.

Launched by Ronnie and his daughters - the business has grown over the years and is established in the local community and beyond with co-brokerages in Barbadoes and Dubai.

With over 25 years of local property knowledge, industry experience and an expert understanding of property trends and values, Ronnie and his team delivers a personal property service for every client.

Our services include Residential Sales and Lettings, as well as Property Sourcing. If you want an efficient and trustworthy Tenant Find Service, reliable tenants or the full property management package, if you value good quality service, insist on attention to detail, want to be protected by a company with traditional local values but need the benefit of cutting edge technology and forward thinking management, from a company that understand the landlord and the investor, then you have come to the right place.

We are an accessible company, offering a friendly and well-informed service to all, so please do not hesitate in getting in touch with us.

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Disclaimer - Property reference 281234. 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 R & R Properties, 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.

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