A private investor has snapped up an attractive investment property in Willenhall town centre in a deal brokered by Towler Shaw Roberts.
The three-storey property at 40 Upper Lichfield Street occupies a substantial corner plot and extends to a net internal area of 6,365 sq ft.
Offers in the region of £375,000 were invited by TSR ahead of a sale being completed.
Benefitting from WC and kitchen facilities on all floors, the property currently generates an annual income of £29,250 from two tenancies.
TSR’s Martin Zaki, who handled the sale, said: “The property is well located on Upper Lichfield Street, which runs through the central area of Willenhall town centre.
“It is currently home to a betting shop on the ground floor, with a gymnasium on the first and second floors, with both tenancies long-term lettings.
“The property attracted a high level of interest which reflects the continued demand for income producing properties of this type in prominent locations.”
The property sold at Upper Lichfield Street is approximately 2.7 miles from Junction 10 of the M6, with Wolverhampton city centre about 3.8 miles to the west.
Pictured: The three-storey property at 40 Upper Lichfield Street sold by Towler Shaw Roberts occupies a substantial corner plot in Willenhall town centre.