- 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.
