72-77 Darlington Street, Wolverhampton, West Midlands, WV1 4LY
A Freehold Income Producing Investment With Planning Consent For Upper Floor Conversion
Features
- A Freehold parade of 5 fully let retail units with planning consent to convert upper floors to 15 apartments
- Ground floor retail units let producing £56,000 per annum
- Planning consent granted in 2025 for conversion of upper floors to 15 apartments with NIA of 8,769 sq. ft. (815 sq.m)
- Rear yard and access
- Freehold
- Offers based on £1,200,000
Description
The property comprises five fully let ground floor lock up retail units , with ancillary accommodation to the first, second and third floors. There is access from a rear cark off clarence Road which leads to a rear yard area.
Location
The property occupies a prominent position on Darlington Street , which leads directly off the main A4150 ring road. The property also has access from Clarence Street which leads to a rear yard area and entrance to the upper floors. Centrally located, the property is situated close to numerous national retailers and The Mander Shopping Centre which comprises 440,000 sq.ft. and includes B & M , Greggs, JD Sports, Superdrug & Ryman. Wolverhampton is situated in the West Midlands and is approximately 24km (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 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 south east of Wolverhampton which provides domestic and international flights.Tenure
Freehold, subject to the existing tenancies.Tenancy
Please kindly see in brochure.Price
Offers based on £1,200,000 are invited for the Freehold interest.Planning
Under application number 25/01008/PAOTH, on 16 October 2025, planning consent was granted for the conversion of existing 1st, 2nd and 3rd floor of building to provide 15 self-contained apartments. The consented scheme will provide 6 x 2 bedroom apartments, 5 x 1 bedroom apartments, and 4 x studio apartments.The development will extend to 8,769 sq ft over three existing floors. Copies of the consent and supporting plans area available upon request.
