This is an interesting opportunity for a fast moving developer: Location: Niphon Works, Wolverhampton, WV24NA Last sale price: £1,780,000 (Dec 2020) Best and Final Offer Deadline: 29-Aug-2024 Total# of Flats: 17 Converted, 32 additional planned Planning Ref: 17/00493/FUL Planning: Approved for additional 32 flats Current Developer: INSOLVENT Construction: Stage 2 - Halted Occupancy Rate: 76% (13 of 17) Current Rental Income: £96,480 Rent Projections After Development: £356,328+ Average Rent for Market: £606 p/m Leases/ASTs: All Expired - Unsure if any delinquent EPC Ratings: Mostly Ds, Es Listing Source: Towler Shaw Roberts LLP Market report for Wolverhampton: https://vadaprime.com/wolverhampton-report

Posted by Adam Robinson at 2024-08-19 15:53:27 UTC