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Commercial property for sale in WV1

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6 commercial property

  1. 71-78 Victoria Street, Wolverhampton, WV1 3PQ

    Retail for sale

    • £3,000,000
    • 376,636 sq ft
    • Cafe
    • Car park
    • Lift
    • Modern
    • Multi storey office

    Attractive landmark department store totalling 376,636 sq ft (34,991 sq m) located in the heart Wolverhampton City Centre.
    □ Substantial city centre holding with a site area of c. 2.64 acres (1.07 ha).
    □ Highly prominent location with triple frontages on to Darlington Street, Victoria Street and Skinner Street.
    □ Beatties, or more recently House of Fraser, has traded here since the 1920’s and is an iconic building within the city centre and a local landmark.
    □ The majority of the property is subject to a licence to occupy between House of Fraser and SDI (Propco 35) Ltd. A rent waiver letter is in place outlining that the principal rent and service charge payable under the two leases shall be £1 pa. Insurance rent is still recoverable.
    □ The rear of 21 Darlington Street is let to Fixxion Warehouse Ltd on a nine year term expiring 31st July 2026 (TOB July 2020).
    □ The current passing rent is £12,600 pa.
    □ The property is otherwise subject to £193,494 per annum of income via sub lettings payable to SDI (Propco 35) Ltd.
    □ Numerous asset management opportunities including renegotiating the tenancy with Sports Direct/House of Fraser or repositioning the asset through change of use.
    □ Freehold.
    □ Offers sought in excess of £3,000,000 (Three Million Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £7.97 psf subject to contract and exclusive of VAT.

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  2. Emery House

    Office for sale

    • £475,000
    • 5,497 sq ft ~51 people
    • Car park
    • Reception
    • Storage
    • Transport

    Emery House comprises two floors of office accommodation with further storage located on the basement floor. The building is approached via the main entrance and reception area off Waterloo Road. There is also access to the building off the on-site car park at the rear of the building and can be accessed via Red Lion Street.

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  3. Darlington Street Methodist Church 24 School Street Wolverhampton, West Midlands WV1 4LF

    Retail for sale

    • P.O.A.
    • 15,073 sq ft
    • Cafe
    • Car park
    • Caretaker
    • Grade II
    • Gym

    The aim of the Joint Venture Partnership is to unlock this unique building, introducing new and alternative uses to the site through refurbishment/ redevelopment, which will ultimately attract new occupiers, ensuring the sustainability of the listed building for the benefit of the City of Wolverhampton.

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  4. Stafford Street, Wolverhampton, West Midlands, WV1 1NT

    Land for sale

    • £700,000
    • 7,101 sq ft
    • Car park
    • Meeting room
    • Office space
    • Refurbished
    • Storage

    The premises comprise a Land Rover car showroom with a handover area and office space on the ground floor. The showroom features a fully tiled floor, suspended ceiling with inset lighting, customer toilets, electric roller shutter and emergency lighting. It also benefits from a staff area, meeting rooms and document storage at basement level. The overall site area is 0.6 acres, which could offer an existing use opportunity for a single franchise dealership. The site also provides a re-development opportunity, subject to planning. Offers in excess of £700,000 for the freehold interest with vacant possession.

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