Other Commercial Property for sale in Wolverhampton

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Bedroom Rental Property in Wolverhampton

Wolverhampton, West Midlands, England

  • Freehold Price: £569,000
  • Annual Turnover: £43,600
Seller Reference: S06943
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Business Description
 
 
 
 
 
 
 
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Seller Reference: S06943
Request Details
Business Description

The business for sale acts as an HMO rental property in Wolverhampton. The house occupies 13 rooms to let to people needing short term residence in the area. The owner promises great rental potential near 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 happily content residents, paying between £280 - £300 per month per room (bills included).

The business for sale is 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, like 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
Tenure:
Freehold
Listed by:
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