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38A Queen Sq 4,840 sq ft Retail Property Wolverhampton WV1 1TL £600,000 (£123.97/sq ft)


Investment Highlights
- Large display windows
- Prominent city centre location with local occupiers including Natwest Bank, Barclays Bank, Costa Coffee, HSBC, Wetherspoons
- Great footfall area
Executive Summary
The property comprises an attractive four storey building (plus cellar) traditionally built of brick, with stone mullion windows and being flush fronted to the pavement with
recessed entrance.
The whole building is let under a single lease to State Bank of India (UK) Ltd which has been trading out of the premises since 2010, with this lease having been lately renewed
to provide a substantial Property Investment opportunity. With the lease extending to the whole property, the Bank is only occupying the ground and part of the first floor,
resulting in the upper floors offering development/conversion opportunities in the future, subject to planning, and subject to the tenants agreement
recessed entrance.
The whole building is let under a single lease to State Bank of India (UK) Ltd which has been trading out of the premises since 2010, with this lease having been lately renewed
to provide a substantial Property Investment opportunity. With the lease extending to the whole property, the Bank is only occupying the ground and part of the first floor,
resulting in the upper floors offering development/conversion opportunities in the future, subject to planning, and subject to the tenants agreement
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
4,840 sq ft
Costar Property Class
C
Year Built
1930
Price
£600,000
Price per sq ft
£123.97
Tenancy
Single
Number of Floors
4
Plot ratio
2.13
Total Plot Size
0.05 ac
Frontage
9 ft on Queen Street
Amenities
- Security System
- Signage
1 1
Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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38A Queen Sq
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