Investment opportunity in popular area of Wolverhampton sold for above the asking price

An attractive investment opportunity in a popular residential area of Wolverhampton has sold for in excess of the asking price.

The fully let investment site at 2-4 Lloyd Hill, Penn, approximately three miles south west of the city centre, generates a combined rental income of £46,500 each year.

Marketed by Towler Shaw Roberts, a sale has been completed to an investor.

Martin Zaki, who handled the sale for TSR, said: “This is an attractive investment opportunity within a local shopping area that serves a large and popular residential suburb of Wolverhampton.

“It generated a high level of interest and eventually sold for well in excess of the asking price.

“The property fronts the very busy A449 dual carriageway that connects to the Wolverhampton city centre ring road.

“The property has a prominent frontage and is a central part of the surrounding residential areas.”