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British Steel

Industrial unit for sale

£6,150,000 176,478 sq ft

Knight Frank LLP
Contacts

Jonathan Devaney - Knight Frank LLP

Christopher Howe - Knight Frank LLP

Jack Jones - Knight Frank LLP

Full address
Qualcast Rd, Wolverhampton WV1 2QP – Wolverhampton
Highlights
  • Integrated WC’s, offices and staff rooms
  • In close proximity to motorway and public transport links
  • Potential to refurbish and reconfigure the existing industrial accommodation
  • High underlying residential site value
  • Situated adjacent to the proposed Canalside Quarter residential district
Property owner
ALPHA UK PROPERTY FUND ASSET COMPANY ("NO. 2")ALPH
Property type

Industrial unit for sale

Asking price
£6,150,000
Available space range
There is 1 space available. This measures 176,478 sq ft.
Features
Fenced lot, Security system, Yard, Energy Performance Rating - E, Roller shutters, Storage space, Demised wc facilities
Brochure
Download the brochure

Sale details

Sale unit 3957044 Available

176,478 sq ft, £34.85 per sq ft

Unit Sale unit 3957044
Address Qualcast Rd, Wolverhampton, West Midlands, WV1 2QP, GB
Size 176,478 sq ft
Price £6,150,000
Price per unit £34.85 per sq ft
Unit Sale unit 3957044
Address Qualcast Rd, Wolverhampton, West Midlands, WV1 2QP, GB
Size 176,478 sq ft
Price £6,150,000
Price per unit £34.85 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 8.75%
Financial type Actual
Financial year 2018
Net operating income £538,125

Sale notes

  • Offers in excess of £6,150,000, reflecting a net initial yield of 8.75%, based on purchaser’s costs of 6.63%.
  • A purchase at this level reflects £736,527 per acre.

Property description

The property comprises an industrial complex containing 8 buildings, extending to a total of 176,478 sq ft. The main warehouse comprises an operational steel works formed of multiple bays, with eaves height ranging between 5m and 9.5m and gantry cranes which range from 6 to 10 tonnes capacity. The building also incorporates single storey administration and welfare accommodation, as well as WC’s, offices and staff rooms. In addition to the main warehouse, there are a number of low rise outbuildings of varying ages and quality. Other buildings include a single storey block incorporating a canteen and changing facilities and a small medical building situated to the south western corner of the site. Neighbouring the medical building is a single storey brick built office block. Externally, there are two main concrete surfaced yards either side of the main warehouse which are linked via a tarmac surfaced service road. To the entrance of the site, there is a weighbridge adjacent to the gatehouse whilst access to the site is via a barrier system off Qualcast Road.

Building subtype
Manufacturing
Number of storeys
1
Rentable building area
176,478 sq ft
Year built
1960
Utilities
Lighting, Water, Sewer

Attachments

PDF #1 Marketing brochure/flyer Download

This industrial unit for sale is located in Wolverhampton.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Knight Frank LLP. Realla 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 Knight Frank LLP for full details and further information.