Commercial property for sale in Dudley Street, Wolverhampton WV1
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Property features
- To be offered on Tuesday 16 April
- High Yielding, Prime, Retail Investment
- Let to Santander UK Plc
- Approx 4.5 Years Unexpired (No Breaks)
- Producing £61,350 per annum
- Prime Pedestrianised Pitch
- 3,813 sq ft (354.2 sq m)
- Guide Price Reflects 16.26% Gross Yield
Property description
Strapline
Auction Sale - 15/04/2024
High Yielding Prime Retail Investment
Let to Santander on a New Five Year Lease Producing £61,350 per annum
Description
The property comprises a high yielding retail investment let to the undoubted covenant of Santander UK Plc on a new five year lease.
Arranged across ground and first floors, the property is fully let to Santander UK Plc on a new five year lease expiring 27/09/2028 and paying a rent of £61,350 per annum.
Situated with a frontage to Dudley Street, the property forms part of the prime, pedestrianised retail area of Wolverhampton.
Tenancy
The property is let on a new five year lease to Santander UK Plc for a term expiring 27/09/2028 and paying £61,350 per annum.
The lease is on full repairing and insuring terms and has no breaks.
Santander UK Plc
D&B Rating: 5A1
Turnover (2023): £7.75bn
Pre Tax Profit (2023): £1.87bn
Employees: 19,559
Santander is one of the UKs largest retail banks with 14 million customers and approx. 450 locations. The company is a wholly owned subsidiary of Banco Santander which is a major international bank.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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