- 6 Ground floor commercial units
- 12 x 2-bedroom apartments on first and second floors
- Recently refurbished
- A total income produced of £200,800 per annum
- Additional development site included
- Offers invited in the region of £3,250,000
The site is located within the City Centre of Wolverhampton. The City provides excellent road links with junction 10 of the M6, and Junctions 1 and 2 of the M54. The A41 provides access south east into the Black Country along the Black Country Route, and the A449 Stafford Road leads north to junction 2 of the M54.
The property is positioned to the West of the City Centre, on the corner of Merridale Road and Chapel Ash, one of the main arterial routes in and out of the City.
The property comprises of 6 ground floor commercial units, with 12 x 2-bedroom apartments situated on the first and second floors.
All commercial units and apartments are fully let and generate an income of £200,800 per annum.
The site has been refurbished to a high standard within the last 5 years.
The ground floor retail accommodation benefits from a service and amenity corridor at the back of the building, and a service yard at the rear. The residential accommodation is accessed from an entrance hallway and intercom system at each end of the building fronting Merridale Road.
At the rear of the property there is potential for development. Full detailed planning consent has been granted for an additional 24 apartments to be built at the rear of the property, as per the approved planning application.