Summary - 283, TETTENHALL ROAD, WOLVERHAMPTON WV6 0LE
1 bed 1 bath Mixed Use
High-yield freehold with clear refurbishment and re-letting potential on a busy local parade.
Freehold mixed‑use block: three shops, two flats, warehouse
A substantial freehold mixed‑use parade on Tettenhall Road combining three ground‑floor shops, two self‑contained flats and a rear warehouse. The property extends to around 2,350 sq ft across retail, residential and storage accommodation, with a forecourt to the front and vehicular access to the rear. Current contracted income is £55,740pa, giving an approximate gross yield of c.8.2% at the asking price of £680,000.
The parade sits on a busy local shopping strip close to schools, parks and transport links. Several tenants hold short commercial leases (notably expiries in Feb 2027 and 2028) and the flats are let on assured shorthold tenancies, so the asset suits active investors who can take a hands‑on approach to lease renewals and rent re‑setting. VAT has not been elected and the title is freehold.
The site offers clear upside through refurbishment, re‑letting or consolidation of the units and by improving the upper‑floor flats. The rear warehouse and large plot offer scope for improved income or alternative use subject to planning and consents.
Material negatives are straightforward: parts of the property require renovation and active management; the wider area shows signs of deprivation and recorded crime is above average, which can affect retail takings and tenant stability. Short lease lengths create both opportunity and risk — income is not all long‑term secure and will need re‑letting or renegotiation soon.
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