Property photos
£1,500,000
Property for sale
Manders Industrial Estate, Old Heath Road, Wolverhampton WV1Local area information
Property location
Nearby amenities
- Eastfield Primary School 0.4 miles
- Trinity Church of England Primary School 0.5 miles
- Wolverhampton 0.7 miles
- Coseley 3.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Wolverhampton to find out more about the local area.
Features and description
- Open storage on approx 2 acres
- Passing rent of £130,000 per annum
- Let to metek plc
A rare opportunity to acquire a single let industrial open storage investment. The investment represents a niy of 8.17%, after taking into account standard purchasers costs. The site equates to approximately 2 acres with the surface being part tarmac, part-crushed stone. The property is fully let to Metek plc, whose latest audited accounts outline shareholders funds of £3,658,588. Full lease details can be provided on request. Site Area - 2 acres The property is located on Old Heath Road within Manders Industrial Estate which is accessed via Wednesfield Road (A4124) to the North and Willenhall Road (A454) to the South. Wolverhampton City Centre lies to the West with Wednesfield Town Centre to the North East. Junction 10 of the M6 Motorway is within 5 miles proximity to the property. Leasehold tbc We are instructed to guide £1,500,000 for the Freehold interest. A purchase at this level represents an attractive land value of £750,000 per acre and a Net Initial Yield of 8.17%, taking in t
More information
Listed by
Hexagon Commercial Property
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Hexagon Commercial Property. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hexagon Commercial Property for full details and further information.