Birches Bridge Shopping Centre, Wolverhampton Road, Codsall, Staffordshire, WV8 1PE
Birches Bridge Shopping Centre, Wolverhampton Road, Codsall, Staffordshire, WV8 1PE Freehold Neighbourhood Parade Investment First time on the market in 50 years Birches Bridge Shopping Centre, Wolverhampton Road, Codsall, Staffordshire, WV8 1PE FREEHOLD NEIGHBOURHOOD RETAIL PARADE Investment Considerations • First time on the market in 50 years • Successful scheme providing a strong tenant mix • Asset management opportunities including letting and broad retail offering for the surrounding area the three vacant upper units and increasing • A busy neighbourhood parade anchored by a the income, converting the upper parts to Co-op convenience store • Tenants include Co-op, Costa, Lloyds Pharmacy residential accommodation and redeveloping the and Papa John’s site (including adding an extra floor) subject to • Situated in a popular residential suburb of consents Wolverhampton within close proximity to both • AWULT of 7.5 years to expiry and 6.3 years a primary and secondary school to break • Offers are sought in excess of£5,000,000 (Five Million Pounds), subject to contract and exclusive • Freehold • Total site area of 1.77 acres (0.72 hectares) of VAT. A purchase at this level would reflect anet initial yield of 8.50% and a potential reversionary • Current passing rent £453,130pa yield of 8.97% after allowing for purchasers costs of 6.59% Birches Bridge Shopping Centre, Wolverhampton Road, Codsall, Staffordshire, WV8 1PE FREEHOLD NEIGHBOURHOOD RETAIL PARADE South Staffordshire Council Office Billbrook Station Codsall Middle School Primary
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