Co-operative Funeral Service, 8a St. Marks Road, Wolverhampton
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- High Yielding Mixed-Use Investment
- Comprises Retail Unit, Flat and Rear Industrial Unit
- Fully Let to Central England Co-Operative Limited
- Lease Expires 04.11.2031
- Asset Management Potential
- "Break Up" Potential (subject to existing lease)
- Investment Let at £41,600 p.a. (9.24% GIY on Guide Price)
Description
Arranged as a large site comprising retail space, first floor flat, and a rear industrial unit, The property is currently fully let to Central England Co-Operative Limited on a lease expiring 04.11.2031 and paying £41,600 per annum.
To the frontage with St Marks Road, the property comprises a former terraced house and side extension which form a single retail unit. The property has also been extended to the rear to join with the rear industrial unit which benefits from access via a loading door from Stephenson Street.
The property may benefit from asset management potential with the passing rent reflecting a low £5.07 per sq ft, furthermore there may be postential to split the property and obtain vacant possession of the rear industrial unit (subject to the existing lease).
The property is situated in an established mixed-use area, characterised by a number of industrial and out-of-town retail units including a Sainsburys superstore.
Brochures
Co-operative Funeral Service, 8a St. Marks Road, Wolverhampton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wolverhampton St George's Tram Stop0.5 miles
- Wolverhampton Station0.8 miles
- The Royal Tram Stop0.8 miles
Notes
Disclaimer - Property reference 6CA4A4ED-36C9-4F41-9137-B922E9471253. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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