A property on the edge of Wolverhampton city centre featuring two commercial units together with office and residential accommodation has been sold to a local investor.
Offers in the region of £410,000 had been invited by Towler Shaw Roberts for the property at 25-27 Chapel Ash.
The prominent premises, located about half a mile from the city centre on the A41, includes two ground floor commercial units, with the upper floors providing office and residential accommodation.
The property’s current existing income is £19,500 per annum exclusive, generated from the ground floor commercial tenancies and an occupied flat.
Martin Zaki, who handled the sale for TSR, said: “The property generated an exceptional level of interest and was identified by the new owner, a local investor, as an excellent investment opportunity.
“The ground floor units are currently utilised as a hot food takeaway and for retail purposes.
"The upper floors, accessed via a central external door between the two units, are a mix of office and unoccupied residential accommodation, with Flat 27a occupied by a residential tenant.
“The property is well situated near the city centre, with the surrounding area including a mix of retailers and professional firms.”
The accommodation at 25 Chapel Ash covers a total area of 1,798 sq ft arranged over three floors, combining a takeaway, office and residential space.
The adjacent property, 27 Chapel Ash, provides a ground floor retail unit of 866.7 sq ft and first floor residential space of 529.6 sq ft, as well as further occupied residential accommodation on the second floor at Flat 27a.
The rear of the property benefits from external parking along with a garage and storage.
Pictured: The prominent premises at 25-27 Chapel Ash, Wolverhampton features two ground floor commercial units, with the upper floors providing office and residential accommodation.