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499 Stafford Rd 9,421 SF Retail Building Wolverhampton WV10 6RR $1,339,220 ($142.15/SF)
INVESTMENT HIGHLIGHTS
- Excellent development opportunity STP
- Total site area approximately 0.506 acres
- Restaurant NIA - c8,051 sq. ft
- Fronts the busy A449 Stafford Rd
- Includes restaurant with first floor living accommodation
- Right to use neighbouring car park for free
EXECUTIVE SUMMARY
The premises comprise of a large restaurant with first floor living accommodation that occupy a very prominent site measuring 0.506 acres. The premises offer a clear refurbishment/redevelopment/reconfiguration opportunity - subject to securing statutory consents.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
9,421 SF
Year Built
1950
Price
$1,339,220
Price Per SF
$142.15
Tenancy
Single
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.51 AC
Parking
4 Spaces (0.42 Spaces per 1,000 SF Leased)
Frontage
168’ on Stafford Road
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DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2022 Population
28,791
160,838
366,731
2027 Population
29,595
164,893
375,858
2022-2027 Projected Population Growth
2.8%
2.5%
2.5%
Median Age
38.5
37.8
39.4
Daytime Employees
13,389
95,882
163,859
Total Businesses
1,554
14,132
25,854
Average Household Income
£25,442
£26,583
£27,898
Median Household Income
£29,801
£29,703
£31,520
2022 Households
11,595
65,597
149,499
NEARBY MAJOR RETAILERS
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499 Stafford Rd
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