Summary - 13 MARKET PLACE WILLENHALL WV13 2AA
1 bed 1 bath Mixed Use
Immediately income‑producing mixed‑use freehold with rental uplift potential in Willenhall town centre..
Freehold mixed‑use building: shop, rear unit, two 1‑bed flats
Fully tenanted producing £33,000 pa (£2,750 pcm)
Scope for rental increase and potential development (STP)
Flats use electric heating; shop has mains gas
Victorian solid brick build; likely no wall insulation
Area is very deprived with very high crime rates
Some parts require renovation; allow budget for repairs
Sale includes non‑refundable exclusivity/buyer’s fee
A freehold, three‑storey mixed‑use investment on Market Place, Willenhall, offered fully let with current gross income of £33,000 pa. The building includes a ground‑floor retail unit, a separate rear commercial unit and two one‑bed flats above, providing an immediate, diversified rental return and scope to increase rents. Transport links and town‑centre footfall support letting demand despite local economic challenges.
Practical positives include double glazing, mains gas to the shop, and straightforward construction (solid brick). The flats are let on ASTs and the commercial units on five‑year leases; the current tenancy mix suits hands‑off investors seeking immediate income. There is potential for rental growth and further development subject to planning (STP).
Important drawbacks are clear: the area is very deprived with very high crime rates, which may affect tenant churn and insurance costs. The flats use electric heating, the building likely lacks wall insulation, and some parts are described as in need of renovation—budget for repairs and ongoing maintenance. Buyers must also note the sale is offered under an exclusivity/buyer’s‑fee arrangement (non‑refundable fee payable on offer acceptance), which materially affects purchase terms.
This opportunity suits investors comfortable operating in a challenging urban market who can fund light‑to‑medium refurbishment and manage tenancy and service risks to unlock rental uplift or potential redevelopment.
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