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Mixed Use Freehold Property with Development Potential

Mixed Use Freehold Property with Development Potential

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Auction date

28 May 2026

Guide price

£350,000

Type

Commercial

Tenure

Freehold

EPC Rating

E

Status

Upcoming

Auction location placehbolder

Description

This freehold mixed-use property spans three stories, including a basement, and is currently generating an income of £14,400 per annum. It recently had a new roof added and features two nearly completed one-bedroom apartments on the second floor awaiting sign-off. The basement generates £1,200 per month from a photography studio under a five-year lease, concluding in July 2030. The first floor's large rooms have permissions for conversion into residential units. A spacious car park at the back accommodates around 10 vehicles.

Positioned prominently along a major route into Wolverhampton city centre, this property is easily noticeable and sits within a well-established commercial area, benefiting from high foot and vehicle traffic. It's located close to a wide array of retail and leisure amenities, along with convenient access to public transport including Wolverhampton Railway Station, enhancing connectivity to Birmingham, London, and beyond.

The area has a mix of commercial businesses, public buildings, and residential properties, creating a diverse local economy. With strong public transport accessibility, this asset is appealing for proprietors, investors, or developers looking for a strategically located property.

Last update: 14 Apr 2026

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