An investment opportunity which generates a combined rental income of £46,500 each year is for sale in a popular residential area of Wolverhampton.

The fully let site, which is being marketed by Towler Shaw Roberts, is at 2-4 Lloyd Hill, Penn, approximately three miles south west of the city centre.

The investment site, which benefits from a surfaced car park, features Richards Tiling Ltd, a convenience store - trading as Spar - and Penn Garage, a MOT bay/car workshop.

The convenience store, which extends in total to 1,458 sq ft, has an open semi-circular layout used for retail display and sales, with rear stores, office, kitchen and toilet facilities.

Richards Tiling extends in total to 2,567 sq ft and the premises include a showroom area, stores, entrance to first floor and an adjoining covered yard, while the first floor has three offices, kitchen, shower room and toilet facilities. It also features a single bay for storage.

The garage contains a MOT workspace, office and toilet facilities. It extends in total to 1,454 sq ft.

TSR’s Martin Zaki said: “This is an attractive investment opportunity within a local shopping area that serves a large and popular residential suburb of Wolverhampton.

"Lloyd Hill forms part of the very busy A449 dual carriageway that connects to the Wolverhampton city centre ring road.

"The property has a prominent frontage to Lloyd Hill (A449) together with a return frontage to the side road, Springhill Lane, which leads to neighbouring residential areas.”

The price is available on application.

Contact Martin Zaki at TSR on (01902) 421216 for more details.

 Pictured: The investment opportunity is within a local shopping area that serves a large and popular residential suburb of Wolverhampton.

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