Units 1-3 Birmingham Road Retail Park

Birmingham Road, Wolverhampton, WV2 3LQ
Current Sale
Units 1-3 Birmingham Road Retail Park
Birmingham Road, Wolverhampton, WV2 3LQ
  • Well located modern retail warehouse scheme in Wolverhampton City Centre extending to 28,455 sqft in 3 units.
  • Prominent situation on A4123 recognised as a retail warehouse and vehicle dealership destination. 
  • Fully let to Aldi Food Stores, Iceland and Poundstrecher.
  • Full Repairing and Insuring leases.
  • Low passing rent of £406,600 per annum equating to an average of £14.29 per sq. ft.
  • Guaranteed rental growth through RPI linked reviews.
  • 88% of income is secured against strong covenants with Experian score of 100, and a risk rating of Very Low Risk.
  • Freehold.  

We are instructed to seek offers in excess of £5,900,000 (Five Million Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT.  This reflects a net initial yield of 6.45% and reversion to 7.25% in 2024 after allowing for standard purchasers’ costs.

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