Commercial property for sale in Wolverhampton

Location  Situated on a large corner plot on Linthouse Lane and Patrick Gregory Road in Willenhall. The estate benefits from a strategic location within the West Midlands well served by major transport routes and located in close proximity to the major commercial hubs of Wolverhampton, Walsall and Birmingham making it ideal for trade counter, industrial and commercial operations.  . Description  This fully refurbished industrial estate encompasses approximately 73,000 sq ft (1.67 acres) of versatile space, comprising:  * 51,460 sq ft of trade counter/industrial space split between four industrial/trade counter units: Each unit features an average eaves height of 6 meters, new LED lighting, new insulated roofs with translucent roof panels, providing energy efficiency and ample operational space.  * Showroom: A dedicated area suitable for product displays or client interactions.  * Office Block: A 1,395 sq ft office block, currently vacant, ideal for administrative functions.  * Retail Unit: A retail pod, currently let, suitable for customer-facing businesses.  * Yards: 3 units are complemented by dedicated yard space, facilitating logistics, parking and storage needs.  Investment Highlights  Current Income: The estate generates a stable income of approximately £177,000 per annum with an estimated rental value of £350,000 per annum when rack rented and fully let.  Occupancy: With the office block and largest unit (c.17,864 sq ft) vacant/owner occupied there is immediate potential to increase rental income.  Recent Refurbishments: The premises has undergone comprehensive internal and external  refurbishments, enhancing its appeal to potential tenants and reducing future capital expenditure.  Tenure  The property is offered for sale with freehold tenure.  Price  Price on application (POA).  VAT  VAT is not payable on the purchase.  Business rates   Interested parties should make their own enquiries to the Valuation Office Agency   Service Charge  The tenants contribute to the cost of maintenance and repair of common parts via a service charge levied on a rate per square foot basis.  Viewing  Strictly by appointment via sole agents.    The George Property Group for themselves and for vendors or lessors of the property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition, services and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of The George Property Group has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all rentals and prices are quoted exclusive of VAT. Any plans published are for convenience of identification. Any site boundaries shown are indicative only. © Copyright

Commercial property for sale in Wolverhampton, England

Light industrial for sale

Description

Need Broker Assistance?