Darlington Street, Wolverhampton, West Midlands, WV1

Existing former office buildings with potential for re-development for sale, subject to all the necessary consents.

Existing Building Area: circa 101,084 sq ft
Site Area: 1.1 Acres

- The property is offered on a freehold basis.
- The site currently comprises a number of commercial (retail, F&B and office) properties and surface car parking.
- The site lies within the ring road, in Wolverhampton City Centre, just an 11-minute walk from the train station and 6 minutes to the University.
- A feasibility study has been presented to the council in a pre-app.
- The site is considered to have potential for re-development for residential or other uses, subject to planning.
- The preference is for unconditional offers, however, offers are also sought on a conditional Subject to Planning basis.

The total site area extends to approximately 1.1 acres.
There are several existing buildings on the site, including ground floor retail units, within offices above.

Services
All services are available to the site. However, it is the responsibility of the purchaser to ensure that services are available and adequate.

Planning
Local Authority: Wolverhampton City Council

The eastern portion of the site lies within Conservation Area 1: Darlington Street, Waterloo Road and Red Lion Street. Several notable buildings are found to the east of the site facing onto Waterloo Road.

A feasibility pre-app has been undertaken. Analysing the potential for student, residential or Hotel use.

The submitted design presents a unique opportunity to develop a bespoke architectural solution for a currently underutilised site on a key gateway to Wolverhampton city centre.

Our Planning team
A planning note has been added to the data room, for further planning related questions please contact the KF planning team directly:
ChrisBedekovic
Chris.


Further Information
Tenure - The site is offered on a freehold basis, with largely vacant possession.
VAT - VAT will be chargeable at the prevailing rate.

Further information is available in the dedicated data room. Please request access with the email at the bottom of this page.
The information is provided solely for parties interested in submitting an offer for the acquisition of the property.


Offers
The preference is for unconditional offers, however, offers are also sought on a conditional Subject to Planning basis. Prospective purchasers are to provide the following with their offer:

Proof of funds
Track record
Scheme proposals including details of the advisors and professionals being used, if conditional offer
The conditions attached to the offer
Timescales proposed

Offers are to be submitted with any supporting information to: Charlie Steele - Charlie.

Wolverhampton is situated in the heart of the West Midlands and approximately 15 miles north-west of Birmingham, 7 miles east of Walsall and 18 miles southeast of Telford. The City benefits from excellent road communications with easy access to the M6, M5, and M54 motorways.

The site is located in the city centre of Wolverhampton. It is bounded by Darlington Street to the South, Waterloo Road to the East, Clarence Street to the North and Birch Street to the West. Pedestrian access is achievable to the full perimeter of the site.

The site is in a highly sustainable location, within easy walking distance to a broad range of local amenities and public transport options. There is a dedicated cycle lane directly to the front of the site.