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The Pressworks, Berry Street, Wolverhampton

About this property

DESCRIPTION
This stunning and lovingly restored eighteenth century building which is operating as a very well established serviced office, based in Wolverhampton City Centre.

The building is approximately 4800 sq ft which is broken up into different size contemporary workspaces ranging from 150 – 600 sq ft.

 

LOCATION AND SITUATION
Wolverhampton is a major centre with a residential population of some 258,000 situated around 12 miles north-west of Birmingham city centre. Junction 10 of the M6 Motorway is some 5 miles and Junction 2 of the M54 is some 3 1/2 miles from the town centre.
The property is situated on Berry Street within the conservation area in the heart of Wolverhampton city centre.

The property is conveniently located just 0.2 miles from both Wolverhampton railway station which is currently undergoing a £100m redevelopment and the Wolverhampton Bus Station both within a close walking distance.

 

PROPOSAL
Offers over £600,000 is sought for the freehold interest, subject to contract. This represents a gross yield of 10.45% based on a current income of £65,880 per annum.

Key Features

  • Prominent City Centre Location.
  • Character building utilised for serviced offices.
  • Currently producing £65,880 pax with potential to increase.
  • Freehold - £600,000, representing a gross yield of 10.45%.

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