Penn Road, Wolverhampton
- PROPERTY TYPE
Apartment
- SIZE
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- TENUREDescribes 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
- INVESTMENT OPPORTUNITY
- Freehold Interest With Three Leasehold Apartments With Tenants In Situ
- Car Park With Allocated Parking
- Cellar Storage
Description
EPC : Flat B - E; Flat C - E; Flat D - D
WOMBOURNE OFFICE
Location - Located on the junction of the A449 and Hopstone Gardens and which gives excellent access to the major transport links into Wolverhampton City Centre. Positioned on a regular bus route and being within walking distance of the shops. The properties are situated close to Manor Park, Muchall Park and Penn Bowling & Social Club.
Description - This is a unique investment opportunity having the freehold title to the building, together with ownership of the three remaining apartments which are currently rented out. There is a car parking area, bin store and garden area. Apartment A is privately owned but is under a lease of 150 years from January 2010 with 134 years remaining. Apartment B is ground floor and is achieving £695.00 per calendar month. Apartment C is a first floor one bedroom which is approximately 363 square foot and achieving a monthly rent of £695 pcm. Apartment D is a first floor one bedroom of approximately 435 square foot with a monthly rent of £695 per calendar month. Rental yield of approximately 7.5%, subject to all apartments being let.
We are informed by the Vendors that all mains services are connected
COUNCIL TAX BAND A – Wolverhampton City Council
POSSESSION Vacant possession will be given on completion.
VIEWING - Please contact the WOMBOURNE Office.
The property is FREEHOLD with 3 LEASEHOLD APARTMENTS
Broadband – Ofcom checker shows Standard / Superfast / Ultrafast are available
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The long term flood defences website shows very low risk
Brochures
Penn Road, WolverhamptonBrochure- 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.
- Yes
- 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
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Affordability
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 34911060. 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 Berriman Eaton, Wombourne. 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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