Summary - River Island Clothing Co,25-26 Dudley Street,WOLVERHAMPTON,WV1 3EY WV1 3EY
1 bed 1 bath Retail Property (high street)
Large, income-producing city-centre retail freehold with strong frontage — short lease risk.
Passing rent £150,000 per annum with a NIY quoted around 6.27%
Prominent corner unit opposite Wulfrun Centre; high pedestrian visibility
Large footprint: c.9,418 sq ft over basement, ground and first floors
Let to River Island — established national retail covenant (short term)
Lease expires 24/03/2025 — only two years remaining; lending risk
Area classified as deprived with very high recorded crime rates
EPC rating C; modern glazed façade and open-plan sales floors
VAT elected; sale likely treated as a TOGC
A prime freehold retail investment in Wolverhampton city centre, prominently located opposite the Wulfrun Centre entrance. The purpose-built corner unit extends to approximately 9,418 sq ft across basement, ground and first floors, with striking floor-to-ceiling glazed frontage and strong pedestrian visibility. The property is let to a well-known national retailer, providing immediate income at a passing rent of £150,000 per annum and a quoted NIY around 6.27% at offers over £2,000,000.
Key appeal lies in size, location and tenant covenant: River Island is an established national retailer offering predictable income for the short term. The building benefits from modern glazing, open-plan sales floors, basement storage and an EPC rating of C. Good transport links, excellent mobile signal and fast broadband support continued retail operation and customer connectivity.
Important buyer considerations: the current lease was renewed for only two years from March 2023 and expires March 2025. The short lease length is a material risk — many mortgage lenders will refuse lending on this asset, so purchasers should be prepared to use cash or specialist financing. The surrounding area is classified as deprived with very high recorded crime, which may affect long-term rental prospects and tenant demand.
This opportunity suits investors seeking an immediately income-producing, centrally located freehold with redevelopment or lease-renewal potential. The sale is elected for VAT (likely to be treated as a TOGC) and is offered with each party bearing their own legal costs. Purchasers should carry out covenant, yield and lending due diligence in light of the short lease and local area characteristics.
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