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41 Birmingham Rd 52,861 sq ft Retail Property Wolverhampton WV2 3LQ £3,000,000 (£56.75/sq ft) 7.31% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Sort after motor retail location
- Property fronting the A4123 Birmingham Road
- Well established multi-let dealership
EXECUTIVE SUMMARY
Nissan Dealership & Ford Workshops totaling 52,861 sq. ft. on a 2.42 acres.
Large first floor office space sold with vacant possession, with scope to increase income with tenant expansion.
Large first floor office space sold with vacant possession, with scope to increase income with tenant expansion.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Car Dealership
Property Size
52,861 sq ft
Costar Property Class
B
Year Built
1984
Price
£3,000,000
Price per sq ft
£56.75
Yield
7.31%
NOI
£219,300
Tenancy
Single
Number of Floors
2
Plot ratio
0.24
Total Plot Size
4.96 ac
Parking
184 Spaces (3.48 Spaces per 1,000 sq ft Leased)
Frontage
300 ft on Howard Street
AMENITIES
- 24 Hour Access
- Corner Lot
- Security System
- Signage
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NEARBY MAJOR RETAILERS
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41 Birmingham Rd
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