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499 Stafford Rd 9,421 sq ft Retail Property Wolverhampton WV10 6RR £995,000 (£105.62/sq ft)
INVESTMENT HIGHLIGHTS
- Excellent development opportunity STP
- Total site area approximately 0.506 acres
- Restaurant NIA - c8,051 sq. ft
- Fronts the busy A449 Stafford Rd
- Includes restaurant with first floor living accommodation
- Right to use neighbouring car park for free
EXECUTIVE SUMMARY
The premises comprise of a large restaurant with first floor living accommodation that occupy a very prominent site measuring 0.506 acres. The premises offer a clear refurbishment/redevelopment/reconfiguration opportunity - subject to securing statutory consents.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
9,421 sq ft
Year Built
1950
Price
£995,000
Price per sq ft
£105.62
Tenancy
Single
Number of Floors
2
Plot ratio
0.43
Total Plot Size
0.51 ac
Parking
4 Spaces (0.42 Spaces per 1,000 sq ft Leased)
Frontage
168 ft on Stafford Road
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DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2022 Population
28,791
160,838
366,731
2027 Population
29,595
164,893
375,858
2022-2027 Projected Population Growth
2.8%
2.5%
2.5%
Median Age
38.5
37.8
39.4
Daytime Employees
13,389
95,882
163,859
Total Businesses
1,554
14,132
25,854
Average Household Income
£25,442
£26,583
£27,898
Median Household Income
£29,801
£29,703
£31,520
2022 Households
11,595
65,597
149,499
NEARBY MAJOR RETAILERS
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499 Stafford Rd
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