25-26 Dudley Street, Wolverhampton, WV1 3EY

Description

A substantial purpose-built corner unit with return frontage and extending to approximately 9,418 square feet (875.28 sq m). The unit has an attractive and unique exterior with floor to ceiling glass frontages. Internally, the retail floor area has been fitted out by the tenant to their usual corporate style and is predominantly open plan with ancillary areas. The accommodation extends over basement, ground and first floors.

Location

Wolverhampton is situated in the West Midlands and is approximately 24 km (15 miles) northwest of Birmingham, 11 km (7 miles) west of Walsall and 29 km (18 miles) southeast of Telford. Wolverhampton benefits from good road communications being approximately 8 km (5 miles) west of Junction 10 of the M6 Motorway and 3.2 km (2 miles) south of Junction 2 of the M54 Motorway. The A41 Black Country Route provides direct access to the M5 at Junction 1 which links to Birmingham. Wolverhampton is connected to the national railway network with a fastest journey time of 17 minutes to Birmingham New Street and 1 hour and 40 minutes to London Euston. HS2 will cut the journey time to London to 49 minutes. Birmingham International Airport is located approximately 44 km (27.5 miles) to the southeast of Wolverhampton which provides domestic flights within the UK, and international flights to destinations in Europe, the Middle East, North America and the Caribbean. 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 home to sector leading firms including Jaguar Land Rover, Marston’s, Mogg and Collins Aerospace. The i54 strategic employment site north of the city centre is the most successful enterprise zone in the country attracting high quality jobs to the area. Jaguar Land Rover’s £1bn investment in a new engine plant at the site is creating in excess of 1,400 jobs. The University of Wolverhampton produces a pool of 50,000 graduates every year and is ranked in the UK top 5 for graduate employability with 96% of students going onto employment or further study.

Accommodation

Ground floor sales: 3,409 sq ft/316.69 sq m
Ground floor ITZA: 1,897 sq ft/176.24 sq m
Basement office/stock: 2,650 sq ft/246.18 sq m
First floor sales: 3,359 sq ft/312.09 sq m
TOTAL: 9,418 sq ft/874.96 sq m

Tenure

Freehold with vacant possession.

Price

Offers based on £1,500,000 are sought for the freehold interest.

VAT

We are advised that VAT is payable in addition to the purchase price.

EPC

The property has an EPC rating of B.

Legal Costs

Each party are to be responsible for their own legal costs that may be incurred in this transaction.

Anti Money Laundering

In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.

Disclaimer

A director of Bond Wolfe has a vested interest in this property.