9 Waterloo Road, Wolverhampton, WV1 4NB
A freehold city centre office investment opportunity
Features
- Prominent city centre location.
- Fully let producing £181,000 per annum.
- Extending to 16,874 sq. ft. over 5 floors.
- 20 onsite car parking spaces.
- Asset management potential.
- Guide price – Offers based on £1,650,000. A purchase at this level reflects a net initial yield of 10.10%, after purchaser’s costs of 6.16%.
Description
The property comprises a 5 storey purpose built office building set back beyond a paved forecourt, with the added benefit of dedicated on site car parking to the rear.
The building extends to a total of 16,875 square feet of net internal space and has Otis lift access, an imposing communal reception area, security door entry system and 20 onsite parking spaces.
This is a prominent modern office located in the professional quarter of Wolverhampton City Centre being adjacent to local and public parking facilities and is serviced by buses alongside the road and a train station 10 minutes' walk away with access from Darlington Street.
Location
The property occupied a prominent location on Waterloo Road in the heart of Wolverhampton city centre. Wolverhampton is situated in the heart of the West Midlands and approximately 15 miles north-west of Birmingham, 7 miles east of Walsall and 18 miles southeast of Telford. The City benefits from excellent road communications with easy access to the M6, M5, and M54 motorways. The vibrant city of Wolverhampton has a population of approximately 260,000 and is one of the top ten growing economies in the UK. Located at the heart of Britain, the city is an ideal centralised location for businesses with 14 million people within 100 mins drive, 1.73 million with 30 mins and 3 million within 20 miles. Wolverhampton is one of only 13 cities nationwide where all four Mobile Network Operators have announced the rollout of 5G. It is ranked the top UK city for remote working according to the Remote Working Index. Wolverhampton is home to sector leading firms including Jaguar Land Rover, Marston's, Mogg and Collins Aerospace. The West Midlands Metro tram system provides extensive inter-city connectivity used by 7 million passengers per year. This metro line runs directly from Wolverhampton St George’s to Birmingham City Centre.Tenure
Freehold - subject to existing tenancies.Tenancy
9 Waterloo Road GF - Talbots - Expires 31/01/2026 - £40,0009 Waterloo Road FF - RMC - Expires 24/09/2028 - £25,000
9 Waterloo Road SF - RMC - Expires 24/09/2028 - £25,000
9 Waterloo Road L3E - RMC - Expires 24/09/2028 - £4,000
9 Waterloo Road L4D - Vacant*
9 Waterloo Road L3D - Vacant - 12 month license - £8,000**
9 Waterloo Road SF - ACP - 12 month license - £9,000
9 Waterloo Road L3A - Tom Duncan - 12 month license* - £5,000
9 Waterloo Road L3B - Zion Care - 12 month license - £3,000
9 Waterloo Road L3C - Zion Care - 12 month license* - £5,000
9 Waterloo Road L5D - Zion Care - 12 month license* - £5,000
9 Waterloo Road L3F - Zenith - 12 month license* - £3,000
9 Waterloo Road L3H - Reliant - 12 month license* - £4,000
9 Waterloo Road L3J - Reliant - 12 month license* - £4,000
9 Waterloo Road L3L - Focus 0 12 month license* - £2,000
9 Waterloo Road L4K - Chobayin - 12 month license - £3,000
9 Waterloo Road L4A - Kaninth - 12 month license* - £6,000
9 Waterloo Road L4B - Kaninth - 12 month license* - £6,000
9 Waterloo Road L4C - Copserv - 12 month license - £5,000
9 Waterloo Road L5A - Shanice - 12 month license - £3,000
9 Waterloo Road L5B - Gateway - 12 month license* - £4,000
9 Waterloo Road L5C - Bright - 12 month license - £4,000
9 Waterloo Road L5D - Rita - 12 month license - £4,000
Total - £177,000
* Tenants have been in occupation since 2018.
** Landlord will provide 12 month rent top up upon completion.
