Other Commercial Property for sale in West Midlands

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13-Bedroom Rental Property in Wolverhampton

West Midlands, England

  • Freehold Price: £569,000
  • Annual Net Profit: £30,000
Seller Reference: S06943
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Business Description
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Seller Reference: S06943
Request Details
Business Description
The business for sale is a House in Multiple Occupation (HMO) rental property in Wolverhampton. The house has 13 rooms to let to people needing short-term residence in the area, with great rental potential due to its proximity to Wolverhampton city centre.

Perfect for those who work in the city, the property resides on a popular bus route with regular transport into the centre and beyond. All kitchen equipment and furnishings are included in the sale. Currently, the property is full of happy residents, paying between £280 - £300 per month per room (bills included).

The business is for sale on a freehold basis. The advantage of a freehold tenure is that the new owner will have complete control over the property. They are not subject to any further payments, such as ground rents, service charges or admin fees. Given the nature of the business, the maintenance costs are covered by the tenants renting the rooms.

Great Investment Property
Excellent Location
Nearby Ample Amenities
Property Full of Tenants
Freehold Opportunity
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