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Canal Wharf Wednesfield Rd 9,795 sq ft 100% Let Retail Property Wolverhampton WV1 1JA £700,000 (£71.47/sq ft) 11.43% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Total accommodation of approx 910 sqm (9,795 sqft) on a site of 0.109 ha (0.271 acres)
- Wolverhampton Rail Station is within 370m of the property
- Prominent canal side position fronting the A4150
EXECUTIVE SUMMARY
Lot 50 was available for sale at an Allsop online auction that was help on Tuesday 11th June 2024.
The property comprises a freehold investment opportunity for sale.
The asking price is £700,000, representing a gross initial yield of 11.43%.
The property comprises a freehold investment opportunity for sale.
The asking price is £700,000, representing a gross initial yield of 11.43%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
9,795 sq ft
Costar Property Class
B
Year Built
1892
Price
£700,000
Price per sq ft
£71.47
Yield
11.43%
NOI
£80,010
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.42
Total Plot Size
0.54 ac
Parking
10 Spaces (1.19 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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Canal Wharf | Wednesfield Rd
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