Repriced Castle Yard

• Castle Yard is prominently positioned in a prime location with return frontage to Dudley Street, Queen Street and Market Street in the heart of Wolverhampton.
• Freehold, three storey building with 7 retail units to the ground floor, generous floor to ceiling height and a shared service yard to the year.
• Extending to 29,456 sq ft NIA the parade is let to 6 tenants and currently produces £360,001 per annum equating to £12.22 per sq ft overall.
• Owned by a family property company for in excess of 60 years.
• Opportunity to add value through rental uplifts, lease extension and longer term redevelopment of the upper floors.

Offers are invited in excess of £2,850,000 (Two Million Eight Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 11.87% assuming purchasers’ costs of 6.43% and a capital value of £96.75 per sq ft.