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2-3 Princess St 2,226 sq ft Vacant Retail Property Wolverhampton WV1 1HQ £750,000 (£336.93/sq ft)
Investment Highlights
- Substantial Freehold Retail and Development Investment Opportunity.
- Let to tenants trading as Betfred and Gracehands Grocery.
- Planning granted for conversion of upper parts to 22 student bedrooms and gym.
- Attractive Art Deco building of landscape merit with original features.
- Vacant Upper Parts for conversion to 22 student beds).
- Comprises two retail units together with vacant upper parts.
- Substantial building comprising approximately 873.46 sq m (9,403 sq ft).
- Prominent location within Wolverhampton, close to University Central Campus.
- Investment let at £57,000 pa (7.60% on Guide Price).
Executive Summary
The property comprises a substantial two storey building arranged as ground floor retail together with vacant ancillary space on the first floor.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Size
2,226 sq ft
Costar Property Class
B
Year Built
1900
Price
£750,000
Price per sq ft
£336.93
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
3
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- E Marsh Upholsterers
- -
- -
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| E Marsh Upholsterers | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The property provides a prominent double fronted shop unit, with basement. The property was formerly Marsh upholsterers.
| Space | Size | Space Use | Position | Available |
| Ground | 1,123 sq ft | Retail | In-Line | Now |
Ground
| Size |
| 1,123 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Ground
| Size | 1,123 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
The property provides a prominent double fronted shop unit, with basement. The property was formerly Marsh upholsterers.
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Nearby Major Retailers
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2-3 Princess St
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