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    Key features

    • To be offered on Wednesday 22 April
    • Substantial Freehold Retail and Development Investment Opportunity
    • Comprises two retail units together with vacant upper parts
    • Let to tenants trading as Betfred and Gracehands Grocery
    • Substantial building comprising approximately 873.46 sq m (9,403 sq ft)
    • Planning permission granted for conversion of upper parts to 22 student bedrooms and basement gym
    • The upper floors have been prepared for additional floor to increase the floor space for either student or alternative use (STP)
    • Prominent central location within Wolverhampton, close to University Central Campus
    • Attractive Art Deco building of landscape merit with original features
    • Investment let at £57,000 pa (7.60% on Guide Price + Vacant Upper Parts for conversion to 22 student beds)

    Description

    The property comprises a substantial two storey building arranged as ground floor retail together with vacant ancillary space on the first floor.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.

    Tenancy

    Please see Tenancy & Accommodation Schedule below.

    Planning

    Planning permission was been granted on 9 February 2026 (Ref: 25/00693/FUL) for: Change of use of upper floors into 22 Student Accommodation units, change of use of ground floor into three Use Class E commercial units, change of use of basement into gym and wellness amenities for residents, roof enlargements and alterations, façade alterations and associated development.

    Rent

    £57,000 pa (+ Vacant Upper Parts)

    Notes

    Please note that VAT is applicable to this lot.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The property is located in a prominent corner position on the west side of Princess Street, at it's junction with King Street. The area is semi-pedestrianised and close to the Mander Shopping Centre. Nearby occupiers include KFC, Starbucks, Nationwide, Holland & Barrett and Card Factory.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums