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Reliance Trading Estate 5-13 Livingstone Av 72,812 sq ft 100% Let Industrial Property Bilston WV14 0RD £1,550,000 (£21.29/sq ft) 9% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located in the heart of the West Midlands
- Close to major industrial parks
- Strategic proximity to a confluence of major road networks
EXECUTIVE SUMMARY
The property is located in Bilston, Wolverhampton, a predominantly industrial area strategically positioned near major road networks including the M5, M6 and M42. This location offers excellent connectivity for businesses operating within the region.
It is situated within Reliance Trading Estate, in close proximity to other established industrial and retail hubs such as Springvale Industrial Park, Springvale Retail Park, Webnor Industrial Estate and Stowheath Industrial Estate. This clustering of estates enhances the attractiveness of the area for industrial occupiers.
The property comprises multi-let factory bays of varying design and construction, extending to approximately 46,176 sq ft GIA, which includes 7,026 sq ft NIA of internal office space. There are seven units in total, providing accommodation ranging from 3,000 sq ft to 11,000 sq ft, offering flexibility for different tenant requirements.
The site extends to 1.5 acres and benefits from ample car parking facilities. It is currently let to nine individual tenants, generating a total passing rent of £147,211 per annum, which reflects a low average rental rate of £3.26 per sq ft. Recent lettings on the estate have been agreed at rates between £2.50 and £4.50 per sq ft, indicating potential for rental growth.
The Estimated Rental Value (ERV) for the property is £179,802 per annum, providing scope for income enhancement. The property is held freehold, offering long-term security and investment potential.
It is situated within Reliance Trading Estate, in close proximity to other established industrial and retail hubs such as Springvale Industrial Park, Springvale Retail Park, Webnor Industrial Estate and Stowheath Industrial Estate. This clustering of estates enhances the attractiveness of the area for industrial occupiers.
The property comprises multi-let factory bays of varying design and construction, extending to approximately 46,176 sq ft GIA, which includes 7,026 sq ft NIA of internal office space. There are seven units in total, providing accommodation ranging from 3,000 sq ft to 11,000 sq ft, offering flexibility for different tenant requirements.
The site extends to 1.5 acres and benefits from ample car parking facilities. It is currently let to nine individual tenants, generating a total passing rent of £147,211 per annum, which reflects a low average rental rate of £3.26 per sq ft. Recent lettings on the estate have been agreed at rates between £2.50 and £4.50 per sq ft, indicating potential for rental growth.
The Estimated Rental Value (ERV) for the property is £179,802 per annum, providing scope for income enhancement. The property is held freehold, offering long-term security and investment potential.
PROPERTY FACTS
| Price | £1,550,000 | Total Plot Size | 1.09 ac |
| Price per sq ft | £21.29 | Net Internal Area (NIA) | 72,812 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Yield | 9% | Year Built | 1990 |
| Tenure | Freehold | Parking Allocation | 0.11/1,000 sq ft |
| Property Type | Industrial | Eaves Height | 9 ft 8 in (2.95 m) |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 8 |
| Costar Property Class | C |
| Price | £1,550,000 |
| Price per sq ft | £21.29 |
| Sale Type | Investment |
| Yield | 9% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Total Plot Size | 1.09 ac |
| Net Internal Area (NIA) | 72,812 sq ft |
| No. Floors | 2 |
| Year Built | 1990 |
| Parking Allocation | 0.11/1,000 sq ft |
| Eaves Height | 9 ft 8 in (2.95 m) |
| No. Drive In / Grade-Level Doors | 8 |
AMENITIES
- Fenced Lot
- Security System
- Signage
- Yard
- Roller Shutters
- Storage Space
- Demised WC facilities
- Air Conditioning
- Smoke Detector
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
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Reliance Trading Estate | 5-13 Livingstone Av
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