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    Key features

    • To be offered on Thursday 27 February
    • Freehold Local Mixed-Use Precinct Investment
    • Arranged as 7 retail units with 21 serviced office unit upper parts
    • Located on Willenhall Road (A454) situated 1.7 miles from Wolverhampton City Centre
    • Part Let to Heron Foods Ltd on a lease expiring 2033(1)
    • VAT is applicable
    • Six week completion available
    • Property may have further development potential subject to planning consents
    • Total Gross Annual Rental Income £296,880 pa (plus 4 vacant office units) (13.19% GIY on Guide Price)

    Description

    The property is arranged over ground and one upper floor to provide 7 ground floor shops with serviced office accommodation above.

    The serviced office accommodation provides for 21 office units.

    The property provides for on site car parking for 30 cars

    The property sits on a site of 0.184 Ha (0.45 acres).

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please see the schedule of accommodation and tenancies below.

    Tenancy

    Please see the schedule of accommodation and tenancies below.

    Planning

    Property had previously planning consent for two retail pods in front of car park received in 2018

    Local authority: Wolverhampton City Council

    Planning Reference Number: 18/00559/FUL

    Rent

    296880

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. 


    Additional charges and fees might be charged by the seller and/or other third parties. Youare strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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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 asset is situated on Willenhall Road, leading direct access to Wolverhampton City Centre (1.7 miles)
      • Located around 12 miles north of Birmingham, it forms the north-western part of the West Midlands conurbation
      • The area is characterised by a mix of local retail uses and residential accommodation.
      • Recreational amenities in Wolverhampton are nearby


      Transport

      Road -

      A41 (Bilston Road/Tettenhall Road) – This road runs through Wolverhampton and connects the city to Birmingham in the southeast and Shropshire (including Telford) in the northwest.

      A449 (Stafford Road/Penn Road) – This major route links Wolverhampton to Stafford in the north and Kidderminster in the south, providing access to the M6 motorway.


      Rail -

      Wolverhampton Railway Station (0.9 miles) – The main station in the city, offering: Avanti West Coast services to London Euston, Manchester Piccadilly, and Glasgow. West Midlands Railway services to Birmingham New Street, Liverpool Lime Street, and Shrewsbury.

      Coseley Railway Station (3.5 miles) – A smaller station south of Wolverhampton, providing: West Midlands Railway services connecting Wolverhampton to Birmingham New Street, Walsall, and Rugeley Trent Valley.

      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