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Scholars Walk, 182 Stafford Street, Wolverhampton, WV1 1NA

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Property Overview

Purchase Price: £1,250,000
Type: Investment Properties
Tenure: For Sale
Description:

Detailed Information

Location

The property is located on Stafford Street at its junction with Whitmore Street in the centre of Wolverhampton. The University of Wolverhampton is located directly opposite and the surrounding area comprises a mix of retail and residential. The main shopping centres are all within a five minute walk of the property and there is ample public parking within the vicinity.

Description

The three storey premises was historically the local Registry Office until it was converted to provide residential accommodation approximately 15 years ago. The property now provides 12 apartments over the three floors comprising 6 x 2beds and 6 x 1beds.

The apartments have all been finished to a good standard with the developer incorporating a number of architectural features throughout and making the most of the lofty ceiling heights by incorporating mezzanine floors with galleried features to a number of the bedrooms. The premises are heated by two new gas boilers with each apartment having individual thermostats and each having their own electric metering.

To the rear is a small, gated service yard providing useful bin storage and rear access points to both the lower ground and ground floors.

Accommodation and Rents

The property currently generates £100,920 (£8,410pcm) but once the vacant unit has been let this will rise to £111,420 (£9,285pcm) and there is scope to further increase the rents to approximately £120,000 per annum (£10,000pcm).

EPC

EPC's are available upon request

Compliance

A data pack can be made available for inspection, providing ASTs, Legionella reports, Gas safety, electric certificates, (as and where appropriate).

Price

£1,250,000

Subject to Contract

Viewing strictly by appointment with Michael Tromans & Co LLP

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Michael Tromans & Co is the trading name of Michael Tromans & Co LLP. Michael Tromans & Co LLP is a Limited Liability Partnership registered in England and Wales.
Registered Office: 6 Waterloo Rd, Wolverhampton, West Midlands WV1 4BL. Registered No. OC358112.

MISREPRESENTATION ACT 1967: Michael Tromans & Co. for itself and for the vendors or lessors of this property whose agents they are given notice that the particulars are a general outline only for the guidance of intending purchasers or lessees, and do not constitute an offer of contract. All descriptions and any other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them. No employee of Michael Tromans & Co. has any authority to make or give any representation or warranty whatever in relation to this property.