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Former L A Elwell Ltd Cable St 52,696 sq ft Industrial Property Wolverhampton WV2 2HX £2,815,625 (£53.43/sq ft) 8% Net Initial Yield
EXECUTIVE SUMMARY
An excellent opportunity to acquire a substantial, high-yielding industrial investment in Wolverhampton, let to established occupiers with long income profiles.
Main Tenant:
Steelstock Services (Midlands) Limited
Rent: £200,000 per annum, rising to £220,000 per annum from 16th January 2026
Lease Term: 1st January 2025 – 14th January 2035
Break Option: 17th June 2030
Inside the Landlord & Tenant Act 1954
Additional Income:
Vodafone Limited (Telecoms Mast)
Rent: £5,250 per annum
Lease Term: 17th May 2012 – 16th May 2027
Total Passing / Reversionary Income:
Current: £205,250 per annum
From January 2026: £225,250 per annum
Sale Price: £2,815,625
Main Tenant:
Steelstock Services (Midlands) Limited
Rent: £200,000 per annum, rising to £220,000 per annum from 16th January 2026
Lease Term: 1st January 2025 – 14th January 2035
Break Option: 17th June 2030
Inside the Landlord & Tenant Act 1954
Additional Income:
Vodafone Limited (Telecoms Mast)
Rent: £5,250 per annum
Lease Term: 17th May 2012 – 16th May 2027
Total Passing / Reversionary Income:
Current: £205,250 per annum
From January 2026: £225,250 per annum
Sale Price: £2,815,625
PROPERTY FACTS
AMENITIES
- Bus Route
- Fenced Lot
- EPC - B
- Roller Shutters
- Storage Space
UTILITIES
- Lighting
- Gas
- Water
- Sewer
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Former L A Elwell Ltd | Cable St
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