An attractive investment property located on the A41 in Wolverhampton has been sold to a local investor.
The prominent detached property at 187 Tettenhall Road, situated within a self-contained plot with a site area of approximately 0.26 acres, has been totally refurbished within the last 11 years.
It features ground floor office accommodation and two residential two-bedroom first floor flats, along with another flat located within The Coach House, an additional two-floor annex to the rear of the property.
It also benefits from a landscaped garden for the residents to enjoy, and on-site car parking accessed via a private drive.
The property currently produces an annual income of £21,600 from being fully occupied, with the potential to achieve further income from the ground floor offices.
Offers in the region of £550,000 had been invited by Towler Shaw Roberts.
Martin Zaki, who handled the sale for TSR, said: “This is a very attractive investment property and generated a high level of interest before we were delighted to complete a sale to a well-known local investor.
“The property is well located fronting the main A41 Tettenhall Road, about a mile from Wolverhampton city centre, and provides a total net internal floor area of 2,577 sq ft.
“It’s situated within a conservation area, with its neighbouring properties a mix of residential and commercial uses.”
Pictured: The property at 187 Tettenhall Road, Wolverhampton is situated within a self-contained plot with a site area of approximately 0.26 acres.