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Shops for sale in WV1

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3 shops for sale in WV1

  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. 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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