Innovation Dr | Wolverhampton WV9 5GA
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Innovation Dr
Wolverhampton WV9 5GA
Industrial Property For Sale
Investment Highlights
- Great transport links
- Prominent location
Executive Summary
Looking to seek offers in excess of £16,000,000 (Sixteen Million Pounds) subject to contract and exclusive of VAT for the full forward funding of the development. A purchase at the level reflects an attractive net initial yield of 4.40% based upon full purchaser’s costs including fully phased SDLT and a low capital value psf of £156.10. The initial yield would improve to 4.57% if the full benefit of SDLT savings are taken into account.
A reserved matters planning application is in the process of being submitted. The application is for the construction of a manufacturing building (B2 Use Class) including ancillary offices, warehousing facilities, together with associated landscaping, parking and servicing. The grant of planning permission from the Local Authority is anticipated during September 2022.
A reserved matters planning application is in the process of being submitted. The application is for the construction of a manufacturing building (B2 Use Class) including ancillary offices, warehousing facilities, together with associated landscaping, parking and servicing. The grant of planning permission from the Local Authority is anticipated during September 2022.
PROPERTY FACTS
| Sale Type | Investment | Construction Status | Proposed |
| Net Initial Yield | 4.40% | Rentable Building Area | 102,500 SF |
| Tenure | Freehold | Number of Floors | 2 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 2.78/1,000 SF |
| Building Class | A | Clear Ceiling Height | 40 ft |
| Lot Size | 2.30 AC |
| Sale Type | Investment |
| Net Initial Yield | 4.40% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | A |
| Lot Size | 2.30 AC |
| Construction Status | Proposed |
| Rentable Building Area | 102,500 SF |
| Number of Floors | 2 |
| Tenancy | Single |
| Parking Ratio | 2.78/1,000 SF |
| Clear Ceiling Height | 40 ft |
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
