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Canal Wharf Wednesfield Rd 9,795 SF 100% Leased Retail Building Wolverhampton WV1 1JA $932,674 ($95.22/SF) 11.43% Cap Rate


INVESTMENT HIGHLIGHTS
- Total accommodation of approx 910 sqm (9,795 sqft) on a site of 0.109 ha (0.271 acres)
- Wolverhampton Rail Station is within 370m of the property
- Prominent canal side position fronting the A4150
EXECUTIVE SUMMARY
Lot 50 was available for sale at an Allsop online auction that was help on Tuesday 11th June 2024.
The property comprises a freehold investment opportunity for sale.
The asking price is £700,000, representing a gross initial yield of 11.43%.
The property comprises a freehold investment opportunity for sale.
The asking price is £700,000, representing a gross initial yield of 11.43%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
9,795 SF
Building Class
B
Year Built
1892
Price
$932,674
Price Per SF
$95.22
Cap Rate
11.43%
NOI
$106,605
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.54 AC
Parking
10 Spaces (1.19 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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Canal Wharf | Wednesfield Rd
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