Investment Summary

Wolverhampton is a University City and a
Metropolitan Borough of the West Midlands

The property occupies a dominant position
within the prime retail pitch.

Situated opposite Marks & Spencer and
adjacent to the eastern entrance of the
Mander Centre.

With an estimated 1.58 million sq ft of retail
floor space, Wolverhampton is ranked as the
30th larges retail centre in the UK. Nearby
retailers also include Primark, Clintons, River
Island, Boots, Clarks.

The property provides approximately 7,342 sq
ft (682.1 sq m) of well configured retail
accommodation.

Let in its entirety to the undoubtable
covenants of Telefonica YK Limited and
Santander UK PLC

Accommodation

32 - Ground Floor 1,986 sq ft (184.5 sq m)
First Floor 1,544 sq ft (143.4 sq m)
Sub-total 3,529 sq ft (327.9 sq m)
34 - Ground Floor 2,181 sq ft (202.6 sq m)
First Floor 1,632 sq ft (151.6 sq m)
Sub-total 3,818 sq ft (354.2 sq m)
Total 7,342 sq ft (682.1 sq m)

VAT: The property is elected for VAT purposes.

EPC: Details upon request

Current Rent: £126,350 per annum

Price: £1,325,000

Net Initial Yield: 9%

Tenure: Freehold

32 – Let to Telefonica UK Ltd (t/a 02) from
25/12/2016 to 31/03/2026 at £65,000 per
annum.
34 – Let to Santander UK PLC from 01/10/2022
to 01/10/2027 at 61,350 per annum.