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101-104 Darlington St 1,292 SF Retail Condo Unit Offered at $329,031 in Wolverhampton WV1 4EX
Investment Highlights
- Central location
- Fully let
- Strong pedestrian flow
Executive Summary
The property is of masonry construction and comprises five storeys of retail and office space with retail space on the basement and ground floor and offices on the first, second and third floor. The property is centrally located within Wolverhampton City Centre, with independent and national businesses nearby including bars, cafes, retailers and banks. With The Halls, the City’s primary events/concert venue, within close proximity. The location benefits from a strong pedestrian flow, and is within walking distance from Wolverhampton bus, tram and train stations.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 7.76% |
| Sale Type | Investment |
| Cap Rate | 7.76% |
| Tenure | Freehold |
Description
This attractive and well-presented four-storey property comprises a ground floor retail unit currently fitted out for use as a pizzeria and restaurant. The ground floor extends to approximately 496 sqft (46.1 sqm) and provides an open-plan restaurant seating area together with a kitchen and WC facilities. The first floor, extends to approx. 398 sqft which is currently utilised as food storage and preparation, serving the ground floor occupier. The second and third floors are currently inaccessible, but offer significant scope for redevelopment, subject to planning permission.
Sale Notes
The building is let to Quick Crust Co. Ltd on a 10-year term commencing 02/06/2025, with a stepped rent structure (currently £19,000 per annum, rising to £20,000pa from 02/06/2030 - further details available from the Agent). A tenant’s break option is exercisable at the 5th anniversary. The tenant has internal repairing liabilities including common parts.
The property is understood to be freehold and is offered for sale with the benefit of the current occupational lease.
The property is understood to be freehold and is offered for sale with the benefit of the current occupational lease.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1A | 1,292 SF | Retail | $329,031 ($254.67/SF) | $25,516.71 |
Unit 1A
| Unit Size |
| 1,292 SF |
| Condo Use |
| Retail |
| Price |
| $329,031 ($254.67/SF) |
| NOI |
| $25,516.71 |
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Unit 1A
| Unit Size | 1,292 SF |
| Condo Use | Retail |
| Price | $329,031 ($254.67/SF) |
| NOI | $25,516.71 |
| Sale Type | Investment |
| Cap Rate | 7.76% |
| Tenure | Freehold |
| Description | |
| This attractive and well-presented four-storey property comprises a ground floor retail unit currently fitted out for use as a pizzeria and restaurant. The ground floor extends to approximately 496 sqft (46.1 sqm) and provides an open-plan restaurant seating area together with a kitchen and WC facilities. The first floor, extends to approx. 398 sqft which is currently utilised as food storage and preparation, serving the ground floor occupier. The second and third floors are currently inaccessible, but offer significant scope for redevelopment, subject to planning permission.</li></ul> | |
| Sale Notes | |
| The building is let to Quick Crust Co. Ltd on a 10-year term commencing 02/06/2025, with a stepped rent structure (currently £19,000 per annum, rising to £20,000pa from 02/06/2030 - further details available from the Agent). A tenant’s break option is exercisable at the 5th anniversary. The tenant has internal repairing liabilities including common parts. <br> <br> The property is understood to be freehold and is offered for sale with the benefit of the current occupational lease.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 11,367 SF | Floors | 5 |
| Property Type | Office (Condo) | Typical Floor Size | 724 SF |
| Property Subtype | Office/Residential | Year Built | 1930 |
| Building Class | C | Lot Size | 0.05 AC |
| Total Building Size | 11,367 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 724 SF |
| Year Built | 1930 |
| Lot Size | 0.05 AC |
Amenities
- Security System
- Signage
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101-104 Darlington St
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