Summary - Clifton House Clifton House Merridale Rd-12 x Flats and 7 x Commercial Units, Wolverhampton, WV3 WV3 9RS
1 bed 1 bath Mixed Use
Fully let freehold block with strong income and planning upside for six further flats..
Freehold mixed‑use block: 12 flats and 7 commercial units generating £244,300 pa
Large 0.4 acre site with rear car park — approx. 36 spaces
Implemented planning for 18 flats; scope to add 6 more (subject to consents)
Fully let, income-producing — ready-made investment with asset management potential
Located in a deprived area with Very High local crime — market risk
No step-free access to upper residential parts; electric central heating
Sale subject to non‑refundable exclusivity/buyer's fee — check terms
Maintenance and refurbishment likely for mid‑20th century construction
This freehold mixed‑use block on Merridale Road comprises 12 flats above seven commercial units, producing a current income of £244,300 per annum. The site includes a large rear car park (about 36 spaces) on a 0.4 acre plot and sits on a prominent roadside pitch with easy access to local amenities and transport. Implemented planning consent exists for 18 flats; an additional floor could potentially add six flats (subject to consents), offering clear scope for rental uplift and value creation.
The asset is fully let and ready as a hands‑off income investment, attractive to investors seeking immediate cashflow and near‑term asset management opportunities. Lease renewals, regearings and targeted refurbishments to residential or retail units could materially increase yield. Heating is electric and construction is standard mid‑20th century — investors should factor typical maintenance and refurbishment budgets for aging mixed‑use stock.
Buyers must note material considerations: the property sits in a deprived area with a very high local crime rate, which may affect tenant mix, rent comparables and financing. There is no step‑free access to upper parts. The sale is offered under an exclusivity package that includes a non‑refundable buyer’s fee; prospective purchasers should review the legal pack, tenancy schedule and EPC before bidding. All redevelopment relies on obtaining any requisite consents and further due diligence is strongly advised.
For the right investor this is a substantial, high‑visibility holding with immediate income, a large car park and a credible development upside to increase the residential portfolio and future rents.
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