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41 Birmingham Rd 52,875 SF 49% Leased Retail Building Wolverhampton WV2 3LQ $4,026,575 ($76.15/SF) 7.31% Cap Rate

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Investment Highlights

Sort after motor retail location
Property fronting the A4123 Birmingham Road

Well established multi-let dealership

Executive Summary

Nissan Dealership & Ford Workshops totaling 52,861 sq. ft. on a 2.42 acres.
Large first floor office space sold with vacant possession, with scope to increase income with tenant expansion.

Property Facts Sale Pending

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Auto Dealership

Building Size

52,875 SF

Building Class

Year Built

1984

Price

$4,026,575

Price Per SF

$76.15

Cap Rate

7.31%

NOI

$294,343

Percent Leased

49%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.24

Lot Size

4.96 AC

Parking

184 Spaces (3.48 Spaces per 1,000 SF Leased)

Frontage

300’ on Howard Street

24 Hour Access

Corner Lot

Security System

Signage

Space Availability

Space
Size
Space Use
Position
Available

1st Floor
27,000 SF
Retail
-
Now

41 Birmingham Rd, Wolverhampton for sale Interior Photo- Image 1 of 1 — Interior Photo

The property comprises a former bowling alley located at first floor above the Nissan UK motor dealer. The property has its own self contained feature entrance fronting Howard Street The property may suit other D2 leisure uses.